iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Reaches New 12-Month High – Time to Buy?

iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) reached a new 52-week high on Wednesday . The stock traded as high as $39.15 and last traded at $39.1350, with a volume of 236239 shares traded. The stock had previously closed at $39.03.

iShares U.S. Thematic Rotation Active ETF Trading Up 0.3%

The company has a market cap of $6.63 billion, a price-to-earnings ratio of -3,799.98 and a beta of 1.09. The stock’s 50 day moving average price is $38.30 and its 200 day moving average price is $37.06.

Hedge Funds Weigh In On iShares U.S. Thematic Rotation Active ETF

Hedge funds have recently made changes to their positions in the stock. United Financial Planning Group LLC purchased a new position in shares of iShares U.S. Thematic Rotation Active ETF in the 3rd quarter worth $27,000. Parallel Advisors LLC acquired a new stake in iShares U.S. Thematic Rotation Active ETF during the second quarter worth about $39,000. Family Legacy Financial Solutions LLC purchased a new position in shares of iShares U.S. Thematic Rotation Active ETF in the 3rd quarter worth about $46,000. Wells Financial Advisors INC purchased a new position in shares of iShares U.S. Thematic Rotation Active ETF in the 2nd quarter worth about $47,000. Finally, Harbor Investment Advisory LLC acquired a new position in shares of iShares U.S. Thematic Rotation Active ETF in the 2nd quarter valued at about $58,000.

About iShares U.S. Thematic Rotation Active ETF

The iShares U.S. Thematic Rotation Active ETF (THRO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of US stocks selected to provide exposure to multiple themes, including emerging and structural trends. THRO was launched on Dec 14, 2021 and is issued by BlackRock.