Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI) Sees Strong Trading Volume – Here’s Why

Shares of Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI) saw unusually-strong trading volume on Thursday . Approximately 778,571 shares traded hands during trading, an increase of 263% from the previous session’s volume of 214,700 shares.The stock last traded at $32.13 and had previously closed at $31.98.

Blackrock Advantage Large Cap Income ETF Price Performance

The company’s 50-day simple moving average is $31.75 and its two-hundred day simple moving average is $31.28. The firm has a market capitalization of $704.68 million, a P/E ratio of 23.77 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BALI. Elevation Point Wealth Partners LLC bought a new position in shares of Blackrock Advantage Large Cap Income ETF in the second quarter worth approximately $30,000. Spire Wealth Management lifted its holdings in Blackrock Advantage Large Cap Income ETF by 978.7% in the 4th quarter. Spire Wealth Management now owns 2,837 shares of the company’s stock worth $90,000 after purchasing an additional 2,574 shares in the last quarter. LGT Financial Advisors LLC grew its holdings in Blackrock Advantage Large Cap Income ETF by 74.8% during the 2nd quarter. LGT Financial Advisors LLC now owns 3,361 shares of the company’s stock valued at $101,000 after buying an additional 1,438 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Blackrock Advantage Large Cap Income ETF by 6.4% during the first quarter. NewEdge Advisors LLC now owns 6,533 shares of the company’s stock worth $188,000 after acquiring an additional 394 shares during the last quarter. Finally, MGO One Seven LLC purchased a new position in Blackrock Advantage Large Cap Income ETF during the third quarter valued at $201,000.

Blackrock Advantage Large Cap Income ETF Company Profile

The BlackRock Advantage Large Cap Income ETF (BALI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that holds a portfolio of US large-cap equity securities. The fund seeks to achieve its investment objective by utilizing proprietary return forecast models combined with quantitative analysis methods BALI was launched on Sep 26, 2023 and is issued by BlackRock.