Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) Reaches New 52-Week High After Dividend Announcement

Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) hit a new 52-week high on Monday after the company announced a dividend. The company traded as high as $50.89 and last traded at $50.9390, with a volume of 780 shares. The stock had previously closed at $50.60.

The newly announced dividend which will be paid on Wednesday, December 24th. Investors of record on Tuesday, December 23rd will be issued a $0.052 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a $0.21 annualized dividend and a dividend yield of 0.4%. This is a boost from Burney U.S. Factor Rotation ETF’s previous quarterly dividend of $0.02.

Burney U.S. Factor Rotation ETF Stock Performance

The company has a 50 day moving average of $49.24 and a 200-day moving average of $47.20. The stock has a market cap of $543.11 million, a price-to-earnings ratio of 22.00 and a beta of 1.08.

About Burney U.S. Factor Rotation ETF

The Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation ETF (BRNY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that shifts US equity exposure between size and style perceived to be advantageous for the given market phase. Individual securities are selected based on a proprietary quantitative model, using a multi-factor approach. BRNY was launched on Oct 13, 2022 and is managed by Alpha Architect.