iShares Large Cap Core Active ETF (NASDAQ:BLCR) Reaches New 52-Week High – Still a Buy?

iShares Large Cap Core Active ETF (NASDAQ:BLCR) shares reached a new 52-week high on Thursday . The company traded as high as $47.22 and last traded at $46.91, with a volume of 36908 shares changing hands. The stock had previously closed at $46.88.

iShares Large Cap Core Active ETF Stock Performance

The business has a fifty day simple moving average of $43.32 and a 200 day simple moving average of $42.51. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 29.58 and a beta of 1.09.

iShares Large Cap Core Active ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were issued a $0.0035 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Tuesday, March 17th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLCR. AdvisorNet Financial Inc acquired a new position in iShares Large Cap Core Active ETF in the 1st quarter valued at $56,000. Worth Asset Management LLC grew its holdings in iShares Large Cap Core Active ETF by 2.9% in the 1st quarter. Worth Asset Management LLC now owns 10,750 shares of the company’s stock valued at $441,000 after buying an additional 300 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in iShares Large Cap Core Active ETF in the 1st quarter valued at $3,066,000. Beacon Financial Group acquired a new position in iShares Large Cap Core Active ETF in the 1st quarter valued at $8,807,000. Finally, Janney Montgomery Scott LLC acquired a new position in iShares Large Cap Core Active ETF in the 1st quarter valued at $73,344,000.

About iShares Large Cap Core Active ETF

The BlackRock Large Cap Core ETF (BLCR) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of attractively valued large-cap equity securities selected through fundamental and quantitative analysis. It primarily holds US companies but may invest in foreign securities up to 25%. BLCR was launched on Oct 24, 2023 and is issued by BlackRock.