iShares International Country Rotation Active ETF (NASDAQ:CORO) Sets New 52-Week High – Still a Buy?

iShares International Country Rotation Active ETF (NASDAQ:CORO)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $37.66 and last traded at $37.5420, with a volume of 11877 shares. The stock had previously closed at $37.54.

iShares International Country Rotation Active ETF Price Performance

The stock’s 50-day moving average is $36.35 and its 200-day moving average is $35.18. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 28.57 and a beta of 0.66.

iShares International Country Rotation Active ETF Announces Dividend

The company also recently announced a semiannual dividend, which was paid on Wednesday, July 8th. Investors of record on Thursday, July 2nd were given a $0.2976 dividend. This represents a dividend yield of 166.0%. The ex-dividend date of this dividend was Thursday, July 2nd.

Hedge Funds Weigh In On iShares International Country Rotation Active ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Continuum Advisory LLC purchased a new stake in shares of iShares International Country Rotation Active ETF during the second quarter worth about $179,000. CoreCap Advisors LLC increased its holdings in shares of iShares International Country Rotation Active ETF by 1,071.5% in the 2nd quarter. CoreCap Advisors LLC now owns 61,831 shares of the company’s stock valued at $2,263,000 after acquiring an additional 56,553 shares during the last quarter. Redwood Investment Management LLC acquired a new stake in shares of iShares International Country Rotation Active ETF during the first quarter worth $2,886,000. Arkadios Wealth Advisors bought a new position in iShares International Country Rotation Active ETF in the first quarter worth about $13,793,000. Finally, EverSource Wealth Advisors LLC acquired a new position in iShares International Country Rotation Active ETF during the 1st quarter valued at approximately $85,000.

iShares International Country Rotation Active ETF Company Profile

The iShares International Country Rotation Active ETF (CORO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds, seeking long-term capital appreciation through investments in non-US companies. The fund targets nations with favorable economic outlooks by employing a country rotation strategy. CORO was launched on Dec 3, 2024 and is issued by BlackRock.