iShares Large Cap Core Active ETF (NASDAQ:BLCR) Sets New 12-Month High – Still a Buy?

iShares Large Cap Core Active ETF (NASDAQ:BLCR) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $48.63 and last traded at $48.43, with a volume of 333343 shares trading hands. The stock had previously closed at $47.70.

iShares Large Cap Core Active ETF Price Performance

The firm has a market cap of $5.24 billion, a P/E ratio of 29.58 and a beta of 1.18. The company’s 50 day moving average is $43.51 and its two-hundred day moving average is $42.65.

iShares Large Cap Core Active ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given a $0.0035 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.0%.

Institutional Trading of iShares Large Cap Core Active ETF

Several institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc bought a new stake in shares of iShares Large Cap Core Active ETF during the first quarter valued at approximately $56,000. Mosaic Advisors LLC bought a new position in iShares Large Cap Core Active ETF in the first quarter worth $235,000. Worth Asset Management LLC bought a new position in iShares Large Cap Core Active ETF in the fourth quarter worth $443,000. Fifth Third Wealth Advisors LLC acquired a new stake in iShares Large Cap Core Active ETF during the first quarter worth $3,066,000. Finally, Beacon Financial Group acquired a new stake in iShares Large Cap Core Active ETF during the first quarter worth $8,807,000.

About iShares Large Cap Core Active ETF

The BlackRock Large Cap Core ETF (BLCR) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of attractively valued large-cap equity securities selected through fundamental and quantitative analysis. It primarily holds US companies but may invest in foreign securities up to 25%. BLCR was launched on Oct 24, 2023 and is issued by BlackRock.