Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) Hits New 1-Year High – Here’s Why

Burney U.S. Factor Rotation ETF (NASDAQ:BRNY)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $57.00 and last traded at $56.96, with a volume of 17562 shares trading hands. The stock had previously closed at $56.88.

Burney U.S. Factor Rotation ETF Trading Up 0.1%

The stock has a market capitalization of $556.50 million, a P/E ratio of 22.00 and a beta of 1.04. The business’s fifty day simple moving average is $52.49 and its two-hundred day simple moving average is $50.99.

Burney U.S. Factor Rotation ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 30th were issued a $0.0492 dividend. The ex-dividend date 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. purchased a new stake in Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 at the end of the most recent quarter.

Burney U.S. Factor Rotation ETF Company Profile

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.