iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Sets New 52-Week High – Still a Buy?

Shares of iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) reached a new 52-week high during trading on Thursday . The company traded as high as $44.43 and last traded at $44.43, with a volume of 11594 shares. The stock had previously closed at $44.25.

iShares U.S. Thematic Rotation Active ETF Price Performance

The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of -4,308.04 and a beta of 1.10. The firm’s 50-day simple moving average is $42.90 and its two-hundred day simple moving average is $40.58.

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

Several institutional investors have recently modified their holdings of THRO. Ameriprise Financial Inc. purchased a new position in iShares U.S. Thematic Rotation Active ETF in the 3rd quarter valued at approximately $51,077,000. JPMorgan Chase & Co. raised its holdings in iShares U.S. Thematic Rotation Active ETF by 3.4% during the fourth quarter. JPMorgan Chase & Co. now owns 10,647,530 shares of the company’s stock worth $410,569,000 after purchasing an additional 353,519 shares during the last quarter. Bank of New York Mellon Corp boosted its position in iShares U.S. Thematic Rotation Active ETF by 11.7% during the first quarter. Bank of New York Mellon Corp now owns 2,606,084 shares of the company’s stock worth $94,392,000 after purchasing an additional 272,849 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in iShares U.S. Thematic Rotation Active ETF by 8.2% during the first quarter. Janney Montgomery Scott LLC now owns 2,740,311 shares of the company’s stock worth $99,254,000 after purchasing an additional 207,223 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in iShares U.S. Thematic Rotation Active ETF during the first quarter worth $1,604,000.

iShares U.S. Thematic Rotation Active ETF Company Profile

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.