iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Shares Down 0.1% – Time to Sell?

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO)’s share price were down 0.1% during trading on Wednesday . The company traded as low as $33.76 and last traded at $33.84. Approximately 2,161 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 4,470 shares. The stock had previously closed at $33.89.

iShares U.S. Industry Rotation Active ETF Price Performance

The firm has a market capitalization of $30.90 million, a P/E ratio of 26.96 and a beta of 1.05. The stock’s fifty day simple moving average is $32.11 and its 200 day simple moving average is $32.15.

iShares U.S. Industry Rotation Active ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were issued a $0.0577 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.23 dividend on an annualized basis and a yield of 0.7%.

Hedge Funds Weigh In On iShares U.S. Industry Rotation Active ETF

A hedge fund recently bought a new stake in iShares U.S. Industry Rotation Active ETF stock. Imprint Wealth LLC bought a new position in iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,934 shares of the company’s stock, valued at approximately $251,000. Imprint Wealth LLC owned approximately 0.81% of iShares U.S. Industry Rotation Active ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About iShares U.S. Industry Rotation Active ETF

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.