iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Reaches New 12-Month High – What’s Next?

iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO)’s stock price reached a new 52-week high on Monday . The stock traded as high as $39.36 and last traded at $39.3640, with a volume of 222526 shares changing hands. The stock had previously closed at $39.26.

iShares U.S. Thematic Rotation Active ETF Trading Up 0.2%

The firm has a market capitalization of $7.25 billion, a P/E ratio of -3,818.91 and a beta of 1.09. The business’s fifty day moving average is $38.51 and its 200 day moving average is $37.50.

Institutional Investors Weigh In On iShares U.S. Thematic Rotation Active ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Investment Advisory LLC bought a new stake in shares of iShares U.S. Thematic Rotation Active ETF during the 2nd quarter worth $58,000. Parallel Advisors LLC purchased a new stake in shares of iShares U.S. Thematic Rotation Active ETF during the second quarter valued at $39,000. Farther Finance Advisors LLC boosted its position in shares of iShares U.S. Thematic Rotation Active ETF by 302.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 183,971 shares of the company’s stock valued at $6,546,000 after purchasing an additional 138,271 shares during the period. AdvisorNet Financial Inc purchased a new position in iShares U.S. Thematic Rotation Active ETF in the 2nd quarter worth about $82,000. Finally, ORG Partners LLC raised its holdings in iShares U.S. Thematic Rotation Active ETF by 55.9% during the 2nd quarter. ORG Partners LLC now owns 133,063 shares of the company’s stock worth $4,715,000 after buying an additional 47,730 shares during the period.

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.