Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) saw unusually-strong trading volume on Tuesday . Approximately 56,332 shares were traded during trading, an increase of 165% from the previous session’s volume of 21,220 shares.The stock last traded at $58.46 and had previously closed at $58.57.

Burney U.S. Factor Rotation ETF Stock Down 0.2%

The stock has a market cap of $570.96 million, a P/E ratio of 22.00 and a beta of 1.04. The business has a 50-day simple moving average of $54.68 and a 200-day simple moving average of $51.75.

Burney U.S. Factor Rotation ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 30th were given a dividend of $0.0492 per share. The ex-dividend date of this dividend was Monday, March 30th.

Institutional Investors Weigh In On Burney U.S. Factor Rotation ETF

A hedge fund recently bought a new stake in Burney U.S. Factor Rotation ETF stock. Steigerwald Gordon & Koch Inc. bought a new position in shares of Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,513 shares of the company’s stock, valued at approximately $278,000. Steigerwald Gordon & Koch Inc. owned 0.06% of Burney U.S. Factor Rotation ETF as of its most recent SEC filing.

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.