iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Trading Down 0.2% – Here’s What Happened

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO)’s share price dropped 0.2% during trading on Wednesday . The company traded as low as $35.74 and last traded at $35.74. 1,107 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 3,838 shares. The stock had previously closed at $35.81.

iShares U.S. Industry Rotation Active ETF Stock Performance

The company has a market capitalization of $32.13 million, a PE ratio of 26.96 and a beta of 1.07. The company’s 50-day simple moving average is $35.29 and its 200-day simple moving average is $33.19.

iShares U.S. Industry Rotation Active ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%.

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

A hedge fund recently bought a new stake in iShares U.S. Industry Rotation Active ETF stock. Imprint Wealth LLC bought a new stake in iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,934 shares of the company’s stock, valued at approximately $251,000. Imprint Wealth LLC owned 0.81% of iShares U.S. Industry Rotation Active ETF at the end of the most recent quarter.

About iShares U.S. Industry Rotation Active ETF

The BlackRock U.S. Industry Rotation ETF (INRO) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide long-term capital appreciation through an actively managed portfolio of US equities. The portfolio rotates towards industries that BlackRock believes are best positioned for outperformance INRO was launched on Mar 26, 2024 and is issued by BlackRock.