iShares High Yield Active ETF (NASDAQ:BRHY) Stock Price Break Below Fifty Day Moving Average – Here’s What Happened

iShares High Yield Active ETF (NASDAQ:BRHY) shares passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $49.70 and traded as low as $49.47. iShares High Yield Active ETF shares last traded at $49.59, with a volume of 156,495 shares changing hands.

iShares High Yield Active ETF Price Performance

The stock has a market cap of $131.07 million, a P/E ratio of 14.81 and a beta of 0.22. The stock’s 50 day simple moving average is $49.65 and its two-hundred day simple moving average is $50.64.

iShares High Yield Active ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were issued a dividend of $0.2929 per share. The ex-dividend date was Monday, November 2nd. This is a positive change from iShares High Yield Active ETF’s previous monthly dividend of $0.2599. This represents a $3.51 dividend on an annualized basis and a dividend yield of 7.1%.

iShares High Yield Active ETF Company Profile

The iShares High Yield Active ETF (BRHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks to maximize total return by actively managing a portfolio of high-yield corporate bonds with maturities of ten years or less. BRHY was launched on Jun 17, 2024 and is issued by BlackRock.