Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI) Sees Large Volume Increase – Still a Buy?

Shares of Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI) saw strong trading volume on Thursday . 778,571 shares changed hands during trading, an increase of 263% from the previous session’s volume of 214,700 shares.The stock last traded at $32.13 and had previously closed at $31.98.

Blackrock Advantage Large Cap Income ETF Price Performance

The firm has a 50 day moving average price of $31.72 and a 200-day moving average price of $31.26. The firm has a market cap of $705.56 million, a price-to-earnings ratio of 23.77 and a beta of 0.84.

Hedge Funds Weigh In On Blackrock Advantage Large Cap Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BALI. Elevation Point Wealth Partners LLC bought a new stake in shares of Blackrock Advantage Large Cap Income ETF during the 2nd quarter valued at $30,000. Spire Wealth Management boosted its position in shares of Blackrock Advantage Large Cap Income ETF by 978.7% in the 4th quarter. Spire Wealth Management now owns 2,837 shares of the company’s stock worth $90,000 after purchasing an additional 2,574 shares during the last quarter. LGT Financial Advisors LLC grew its stake in shares of Blackrock Advantage Large Cap Income ETF by 74.8% during the second quarter. LGT Financial Advisors LLC now owns 3,361 shares of the company’s stock worth $101,000 after purchasing an additional 1,438 shares during the period. NewEdge Advisors LLC increased its holdings in Blackrock Advantage Large Cap Income ETF by 6.4% in the first quarter. NewEdge Advisors LLC now owns 6,533 shares of the company’s stock valued at $188,000 after purchasing an additional 394 shares during the last quarter. Finally, MGO One Seven LLC bought a new stake in Blackrock Advantage Large Cap Income ETF in the third quarter valued at about $201,000.

Blackrock Advantage Large Cap Income ETF Company Profile

The BlackRock Advantage Large Cap Income ETF (BALI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that holds a portfolio of US large-cap equity securities. The fund seeks to achieve its investment objective by utilizing proprietary return forecast models combined with quantitative analysis methods BALI was launched on Sep 26, 2023 and is issued by BlackRock.