iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Hits New 1-Year High – Should You Buy?

Shares of iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) hit a new 52-week high during trading on Tuesday . The stock traded as high as $43.79 and last traded at $43.78, with a volume of 67230 shares trading hands. The stock had previously closed at $43.22.

iShares U.S. Thematic Rotation Active ETF Price Performance

The stock has a market capitalization of $6.71 billion, a P/E ratio of -4,294.45 and a beta of 1.10. The company’s 50 day simple moving average is $42.73 and its two-hundred day simple moving average is $40.26.

Institutional Investors Weigh In On iShares U.S. Thematic Rotation Active ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC boosted its position in shares of iShares U.S. Thematic Rotation Active ETF by 2.8% in the 1st quarter. Sound Income Strategies LLC now owns 13,040 shares of the company’s stock worth $478,000 after purchasing an additional 361 shares during the last quarter. Ashton Thomas Securities LLC increased its position in shares of iShares U.S. Thematic Rotation Active ETF by 0.5% in the fourth quarter. Ashton Thomas Securities LLC now owns 74,026 shares of the company’s stock valued at $2,848,000 after acquiring an additional 365 shares during the last quarter. MN Wealth Advisors LLC raised its holdings in shares of iShares U.S. Thematic Rotation Active ETF by 5.0% in the 4th quarter. MN Wealth Advisors LLC now owns 14,326 shares of the company’s stock valued at $552,000 after purchasing an additional 683 shares during the period. United Financial Planning Group LLC bought a new stake in iShares U.S. Thematic Rotation Active ETF in the 3rd quarter valued at $27,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of iShares U.S. Thematic Rotation Active ETF by 4.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 18,639 shares of the company’s stock worth $719,000 after acquiring an additional 770 shares during the period.

About iShares U.S. Thematic Rotation Active ETF

The iShares U.S. Thematic Rotation Active ETF (THRO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of US stocks selected to provide exposure to multiple themes, including emerging and structural trends. THRO was launched on Dec 14, 2021 and is issued by BlackRock.