iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Shares Down 0.8% – Here’s Why

Shares of iShares U.S. Industry Rotation Active ETF (NASDAQ:INROGet Free Report) dropped 0.8% during mid-day trading on Thursday . The company traded as low as $36.08 and last traded at $36.08. 921 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 3,713 shares. The stock had previously closed at $36.38.

iShares U.S. Industry Rotation Active ETF Stock Down 1.0%

The stock has a fifty day simple moving average of $35.94 and a 200 day simple moving average of $33.62. The firm has a market capitalization of $34.28 million, a P/E ratio of 26.96 and a beta of 1.06.

iShares U.S. Industry Rotation Active ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $0.04 per share. The ex-dividend date was Monday, June 15th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares U.S. Industry Rotation Active ETF stock. Imprint Wealth LLC purchased a new position in iShares U.S. Industry Rotation Active ETF (NASDAQ:INROFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,934 shares of the company’s stock, valued at approximately $251,000. Imprint Wealth LLC owned 0.81% of iShares U.S. Industry Rotation Active ETF at the end of the most recent reporting period.

About iShares U.S. Industry Rotation Active ETF

(Get Free Report)

The BlackRock U.S. Industry Rotation ETF (INRO) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide long-term capital appreciation through an actively managed portfolio of US equities. The portfolio rotates towards industries that BlackRock believes are best positioned for outperformance INRO was launched on Mar 26, 2024 and is issued by BlackRock.

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