iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Reaches New 1-Year High – Should You Buy?

iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO)’s share price hit a new 52-week high on Tuesday . The company traded as high as $42.99 and last traded at $42.98, with a volume of 13174 shares traded. The stock had previously closed at $42.69.

iShares U.S. Thematic Rotation Active ETF Stock Performance

The stock’s fifty day moving average price is $39.31 and its two-hundred day moving average price is $38.78. The company has a market cap of $8.70 billion, a P/E ratio of -4,172.17 and a beta of 1.10.

Institutional Trading of iShares U.S. Thematic Rotation Active ETF

A number of institutional investors and hedge funds have recently made changes to their positions in THRO. Arkadios Wealth Advisors lifted its holdings in shares of iShares U.S. Thematic Rotation Active ETF by 20.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 18,067 shares of the company’s stock worth $684,000 after acquiring an additional 3,082 shares during the period. Atlatl Advisers LLC lifted its holdings in shares of iShares U.S. Thematic Rotation Active ETF by 17.9% during the 3rd quarter. Atlatl Advisers LLC now owns 19,274 shares of the company’s stock worth $730,000 after acquiring an additional 2,933 shares during the period. Commonwealth Retirement Investments LLC lifted its holdings in shares of iShares U.S. Thematic Rotation Active ETF by 8.1% during the 3rd quarter. Commonwealth Retirement Investments LLC now owns 40,308 shares of the company’s stock worth $1,526,000 after acquiring an additional 3,035 shares during the period. Cornerstone Planning Group LLC grew its holdings in shares of iShares U.S. Thematic Rotation Active ETF by 8,396.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 53,442 shares of the company’s stock valued at $2,062,000 after purchasing an additional 52,813 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of iShares U.S. Thematic Rotation Active ETF by 2.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,294,011 shares of the company’s stock valued at $389,731,000 after purchasing an additional 272,964 shares during the last quarter.

About iShares U.S. Thematic Rotation Active ETF

The iShares U.S. Thematic Rotation Active ETF (THRO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of US stocks selected to provide exposure to multiple themes, including emerging and structural trends. THRO was launched on Dec 14, 2021 and is issued by BlackRock.