Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) saw an uptick in trading volume on Wednesday . Approximately 61,594 shares were traded during mid-day trading, an increase of 165% from the previous session’s volume of 23,210 shares.The stock last traded at $58.25 and had previously closed at $58.20.

Burney U.S. Factor Rotation ETF Stock Performance

The company has a market cap of $579.20 million, a price-to-earnings ratio of 22.00 and a beta of 1.03. The stock has a 50-day simple moving average of $56.26 and a 200-day simple moving average of $52.50.

Institutional Investors Weigh In On Burney U.S. Factor Rotation ETF

An institutional investor recently bought a new stake in Burney U.S. Factor Rotation ETF stock. Steigerwald Gordon & Koch Inc. acquired a new stake in Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,513 shares of the company’s stock, valued at approximately $278,000. Steigerwald Gordon & Koch Inc. owned about 0.06% of Burney U.S. Factor Rotation ETF as of its most recent filing with the SEC.

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.