iShares Total Return Active ETF (NASDAQ:BRTR) Hits New 52-Week Low – Here’s Why

Shares of iShares Total Return Active ETF (NASDAQ:BRTR) hit a new 52-week low during trading on Friday . The stock traded as low as $49.42 and last traded at $49.43, with a volume of 2602 shares traded. The stock had previously closed at $49.58.

iShares Total Return Active ETF Stock Down 0.3%

The firm has a market capitalization of $731.42 million, a price-to-earnings ratio of 22.72 and a beta of 0.16. The stock has a 50 day moving average of $50.00 and a 200 day moving average of $50.41.

iShares Total Return Active ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.1914 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This is a boost from iShares Total Return Active ETF’s previous dividend of $0.19.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors raised its position in shares of iShares Total Return Active ETF by 242.1% during the 1st quarter. Arkadios Wealth Advisors now owns 276,840 shares of the company’s stock valued at $13,895,000 after acquiring an additional 195,923 shares in the last quarter. Ethos Financial Group LLC boosted its holdings in iShares Total Return Active ETF by 92.5% in the first quarter. Ethos Financial Group LLC now owns 87,712 shares of the company’s stock worth $4,402,000 after purchasing an additional 42,141 shares during the period. Ameriflex Group Inc. acquired a new position in iShares Total Return Active ETF in the fourth quarter worth $51,000. JPMorgan Chase & Co. increased its stake in iShares Total Return Active ETF by 1,406.0% during the fourth quarter. JPMorgan Chase & Co. now owns 3,232,880 shares of the company’s stock valued at $164,149,000 after purchasing an additional 3,018,219 shares during the last quarter. Finally, Greatmark Investment Partners Inc. increased its stake in iShares Total Return Active ETF by 69.9% during the fourth quarter. Greatmark Investment Partners Inc. now owns 6,865 shares of the company’s stock valued at $349,000 after purchasing an additional 2,825 shares during the last quarter.

iShares Total Return Active ETF Company Profile

The iShares Total Return Active ETF (BRTR) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that broadly invests in corporate and government fixed income securities from around the world. Securities could be of any maturity while limiting investments in junk bonds to 20%. BRTR was launched on Dec 12, 2023 and is issued by BlackRock.