iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Reaches New 1-Year High – What’s Next?

iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $39.15 and last traded at $39.1350, with a volume of 236239 shares changing hands. The stock had previously closed at $39.03.

iShares U.S. Thematic Rotation Active ETF Stock Up 0.3%

The company’s fifty day moving average is $38.30 and its two-hundred day moving average is $37.06. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of -3,799.98 and a beta of 1.09.

Hedge Funds Weigh In On iShares U.S. Thematic Rotation Active ETF

Large investors have recently bought and sold shares of the business. United Capital Financial Advisors LLC lifted its holdings in iShares U.S. Thematic Rotation Active ETF by 2.0% during the 3rd quarter. United Capital Financial Advisors LLC now owns 1,220,914 shares of the company’s stock worth $46,224,000 after buying an additional 23,936 shares during the last quarter. Kickstand Ventures LLC. raised its position in shares of iShares U.S. Thematic Rotation Active ETF by 7.4% during the 3rd quarter. Kickstand Ventures LLC. now owns 14,766 shares of the company’s stock worth $559,000 after acquiring an additional 1,021 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in iShares U.S. Thematic Rotation Active ETF during the third quarter worth approximately $51,077,000. Imprint Wealth LLC acquired a new position in iShares U.S. Thematic Rotation Active ETF in the third quarter valued at approximately $281,000. Finally, Redwood Investment Management LLC increased its stake in iShares U.S. Thematic Rotation Active ETF by 14.8% in the third quarter. Redwood Investment Management LLC now owns 44,604 shares of the company’s stock valued at $1,689,000 after purchasing an additional 5,734 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.