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

iShares Large Cap Core Active ETF (NASDAQ:BLCR)’s stock price hit a new 52-week high during mid-day 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 business has a 50 day moving average price of $43.76 and a 200 day moving average price of $42.78. The stock has a market capitalization of $5.29 billion, a PE ratio of 29.58 and a beta of 1.18.

iShares Large Cap Core Active ETF Cuts Dividend

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

Institutional Trading of iShares Large Cap Core Active ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in shares of iShares Large Cap Core Active ETF in the first quarter worth approximately $73,472,000. Janney Montgomery Scott LLC bought a new stake in shares of iShares Large Cap Core Active ETF during the first quarter valued at approximately $73,344,000. Beacon Financial Group bought a new stake in shares of iShares Large Cap Core Active ETF during the first quarter valued at approximately $8,807,000. Fifth Third Wealth Advisors LLC purchased a new position in iShares Large Cap Core Active ETF in the 1st quarter worth approximately $3,066,000. Finally, Cornerstone Planning Group LLC bought a new position in iShares Large Cap Core Active ETF in the 1st quarter valued at approximately $2,188,000.

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.