iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) Sees Unusually-High Trading Volume – Here’s What Happened

iShares U.S. Industry Rotation Active ETF (NASDAQ:INRO) saw unusually-strong trading volume on Thursday. 676,082 shares changed hands during mid-day trading, an increase of 681% from the average daily volume of 86,526 shares. The stock last traded at $36.0150 and had previously closed at $36.15.

iShares U.S. Industry Rotation Active ETF Price Performance

The business’s 50 day moving average is $36.66 and its 200 day moving average is $34.93. The stock has a market cap of $559.91 million, a price-to-earnings ratio of 23.81 and a beta of 1.07.

iShares U.S. Industry Rotation Active ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a dividend of $0.0543 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.22 annualized dividend and a yield of 0.6%. This is an increase from iShares U.S. Industry Rotation Active ETF’s previous quarterly dividend of $0.04.

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.