iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Shares Break Above 50 Day Moving Average – Here’s What Happened

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $36.83 and traded as high as $36.97. iShares U.S. Industry Rotation Active ETF shares last traded at $36.89, with a volume of 120,947 shares traded.

iShares U.S. Industry Rotation Active ETF Price Performance

The stock’s 50-day moving average price is $36.83 and its 200-day moving average price is $34.77. The company has a market cap of $526.05 million, a P/E ratio of 26.96 and a beta of 1.06.

iShares U.S. Industry Rotation Active ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a $0.0543 dividend. This is a positive change from iShares U.S. Industry Rotation Active ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, September 15th. This represents a $0.22 annualized dividend and a yield of 0.6%.

iShares U.S. Industry Rotation Active ETF Company Profile

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.