Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) Sees Unusually-High Trading Volume – Here’s Why

Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) saw an uptick in trading volume on Tuesday . 56,332 shares changed hands during mid-day trading, an increase of 165% from the previous session’s volume of 21,220 shares.The stock last traded at $58.46 and had previously closed at $58.57.

Burney U.S. Factor Rotation ETF Stock Performance

The stock has a 50 day moving average of $54.68 and a two-hundred day moving average of $51.75. The stock has a market cap of $570.96 million, a PE ratio of 22.00 and a beta of 1.04.

Burney U.S. Factor Rotation ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 30th were paid a $0.0492 dividend. The ex-dividend date of this dividend was Monday, March 30th.

Hedge Funds Weigh In On Burney U.S. Factor Rotation ETF

An institutional investor recently bought a new position in Burney U.S. Factor Rotation ETF stock. Steigerwald Gordon & Koch Inc. bought a new position in shares of Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 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 as of its most recent SEC filing.

About Burney U.S. Factor Rotation ETF

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.