Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) Hits New 1-Year High – Here’s Why

Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $59.27 and last traded at $59.27, with a volume of 7842 shares trading hands. The stock had previously closed at $58.09.

Burney U.S. Factor Rotation ETF Price Performance

The stock has a market cap of $654.08 million, a price-to-earnings ratio of 22.00 and a beta of 1.03. The company’s fifty day simple moving average is $57.67 and its two-hundred day simple moving average is $53.69.

Institutional Investors Weigh In On Burney U.S. Factor Rotation ETF

A hedge fund recently bought a new stake in Burney U.S. Factor Rotation ETF stock. Steigerwald Gordon & Koch Inc. acquired a new position in Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,513 shares of the company’s stock, valued at approximately $278,000. Steigerwald Gordon & Koch Inc. owned approximately 0.06% of Burney U.S. Factor Rotation ETF as of its most recent filing with the Securities and Exchange Commission.

About Burney U.S. Factor Rotation ETF

The Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation ETF (BRNY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that shifts US equity exposure between size and style perceived to be advantageous for the given market phase. Individual securities are selected based on a proprietary quantitative model, using a multi-factor approach. BRNY was launched on Oct 13, 2022 and is managed by Alpha Architect.