Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI) Sees Large Volume Increase – Still a Buy?

Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI) shares saw strong trading volume on Thursday . 778,571 shares traded hands during mid-day trading, an increase of 263% from the previous session’s volume of 214,700 shares.The stock last traded at $32.13 and had previously closed at $31.98.

Blackrock Advantage Large Cap Income ETF Price Performance

The company has a market cap of $705.56 million, a price-to-earnings ratio of 23.77 and a beta of 0.84. The firm has a fifty day simple moving average of $31.72 and a 200 day simple moving average of $31.26.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BALI. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Blackrock Advantage Large Cap Income ETF in the 3rd quarter worth approximately $1,529,000. Semus Wealth Partners LLC increased its position in shares of Blackrock Advantage Large Cap Income ETF by 25.6% during the third quarter. Semus Wealth Partners LLC now owns 78,401 shares of the company’s stock valued at $2,488,000 after purchasing an additional 15,967 shares during the period. Vestmark Advisory Solutions Inc. raised its stake in shares of Blackrock Advantage Large Cap Income ETF by 206.7% in the second quarter. Vestmark Advisory Solutions Inc. now owns 1,046,952 shares of the company’s stock valued at $31,524,000 after purchasing an additional 705,543 shares in the last quarter. Triad Wealth Partners LLC raised its stake in shares of Blackrock Advantage Large Cap Income ETF by 114.1% in the second quarter. Triad Wealth Partners LLC now owns 36,298 shares of the company’s stock valued at $1,093,000 after purchasing an additional 19,344 shares in the last quarter. Finally, ShoreHaven Wealth Partners LLC lifted its position in Blackrock Advantage Large Cap Income ETF by 178.1% in the second quarter. ShoreHaven Wealth Partners LLC now owns 36,372 shares of the company’s stock worth $1,095,000 after purchasing an additional 23,292 shares during the period.

Blackrock Advantage Large Cap Income ETF Company Profile

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.