iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Reaches New 52-Week High – Here’s What Happened

Shares of iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) reached a new 52-week high on Wednesday . The stock traded as high as $39.44 and last traded at $39.43, with a volume of 661426 shares. The stock had previously closed at $39.16.

iShares U.S. Thematic Rotation Active ETF Price Performance

The company has a market cap of $8.05 billion, a price-to-earnings ratio of -3,824.73 and a beta of 1.09. The stock has a 50-day moving average price of $37.61 and a 200 day moving average price of $38.16.

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

Several hedge funds have recently bought and sold shares of THRO. JPMorgan Chase & Co. lifted its stake in iShares U.S. Thematic Rotation Active ETF by 3.4% in the fourth quarter. JPMorgan Chase & Co. now owns 10,647,530 shares of the company’s stock valued at $410,569,000 after buying an additional 353,519 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of iShares U.S. Thematic Rotation Active ETF by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,533,088 shares of the company’s stock worth $97,676,000 after acquiring an additional 53,645 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of iShares U.S. Thematic Rotation Active ETF by 8.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,333,235 shares of the company’s stock worth $89,970,000 after acquiring an additional 184,774 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of iShares U.S. Thematic Rotation Active ETF during the third quarter worth $51,077,000. Finally, United Capital Financial Advisors LLC lifted its position in iShares U.S. Thematic Rotation Active ETF by 2.0% in the 3rd quarter. United Capital Financial Advisors LLC now owns 1,220,914 shares of the company’s stock valued at $46,224,000 after acquiring an additional 23,936 shares in 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.