iShares Large Cap Core Active ETF (NASDAQ:BLCR) Reaches New 1-Year High – Still a Buy?

iShares Large Cap Core Active ETF (NASDAQ:BLCR) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $46.42 and last traded at $46.41, with a volume of 71317 shares trading hands. The stock had previously closed at $45.99.

iShares Large Cap Core Active ETF Stock Up 0.3%

The stock has a fifty day moving average of $42.92 and a 200-day moving average of $42.26. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 29.58 and a beta of 1.09.

iShares Large Cap Core Active ETF Cuts Dividend

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

Hedge Funds Weigh In On iShares Large Cap Core Active ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLCR. Janney Montgomery Scott LLC acquired a new position in iShares Large Cap Core Active ETF in the first quarter valued at approximately $73,344,000. Fifth Third Wealth Advisors LLC acquired a new position in iShares Large Cap Core Active ETF in the first quarter valued at approximately $3,066,000. Worth Asset Management LLC acquired a new stake in shares of iShares Large Cap Core Active ETF in the fourth quarter valued at approximately $443,000. Finally, AdvisorNet Financial Inc acquired a new stake in shares of iShares Large Cap Core Active ETF in the first quarter valued at approximately $56,000.

iShares Large Cap Core Active ETF Company Profile

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.