Drive Wealth Management LLC Invests $2.06 Million in iShares Advantage Large Cap Income ETF $BALI

Drive Wealth Management LLC bought a new position in iShares Advantage Large Cap Income ETF (BATS:BALI) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 64,461 shares of the company’s stock, valued at approximately $2,056,000.

Several other large investors have also recently modified their holdings of BALI. Spire Wealth Management increased its stake in shares of iShares Advantage Large Cap Income ETF by 978.7% in the fourth quarter. Spire Wealth Management now owns 2,837 shares of the company’s stock worth $90,000 after purchasing an additional 2,574 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of iShares Advantage Large Cap Income ETF by 6.4% in the first quarter. NewEdge Advisors LLC now owns 6,533 shares of the company’s stock worth $188,000 after purchasing an additional 394 shares in the last quarter. MGO One Seven LLC purchased a new position in shares of iShares Advantage Large Cap Income ETF in the third quarter worth about $201,000. High Falls Advisors Inc purchased a new position in shares of iShares Advantage Large Cap Income ETF in the second quarter worth about $201,000. Finally, Truist Financial Corp purchased a new position in shares of iShares Advantage Large Cap Income ETF in the fourth quarter worth about $202,000.

iShares Advantage Large Cap Income ETF Price Performance

BALI opened at $33.40 on Monday. The company has a market capitalization of $36.07 million, a price-to-earnings ratio of 23.77 and a beta of 0.85. The firm has a 50-day moving average price of $31.76 and a 200-day moving average price of $31.81. iShares Advantage Large Cap Income ETF has a twelve month low of $28.01 and a twelve month high of $33.50.

About iShares Advantage Large Cap Income ETF

The BlackRock Advantage Large Cap Income ETF (BALI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that holds a portfolio of US large-cap equity securities. The fund seeks to achieve its investment objective by utilizing proprietary return forecast models combined with quantitative analysis methods BALI was launched on Sep 26, 2023 and is issued by BlackRock.