iShares U.S. Equity Factor Rotation Active ETF (NYSEARCA:DYNF) Reaches New 12-Month High – Time to Buy?

Shares of iShares U.S. Equity Factor Rotation Active ETF (NYSEARCA:DYNF) hit a new 52-week high on Tuesday . The company traded as high as $61.44 and last traded at $61.4190, with a volume of 1713893 shares traded. The stock had previously closed at $61.08.

iShares U.S. Equity Factor Rotation Active ETF Stock Up 0.6%

The business has a fifty day moving average of $60.18 and a 200 day moving average of $57.64. The company has a market cap of $29.21 billion, a P/E ratio of 24.23 and a beta of 1.03.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameriflex Group Inc. boosted its stake in shares of iShares U.S. Equity Factor Rotation Active ETF by 39.9% in the 1st quarter. Ameriflex Group Inc. now owns 24,622 shares of the company’s stock worth $1,201,000 after buying an additional 7,020 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares U.S. Equity Factor Rotation Active ETF by 5.6% in the second quarter. JPMorgan Chase & Co. now owns 19,656,038 shares of the company’s stock valued at $1,070,468,000 after acquiring an additional 1,043,822 shares during the period. Bank of New York Mellon Corp lifted its holdings in iShares U.S. Equity Factor Rotation Active ETF by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 2,942,777 shares of the company’s stock valued at $160,264,000 after acquiring an additional 182,042 shares during the period. AdvisorNet Financial Inc boosted its position in iShares U.S. Equity Factor Rotation Active ETF by 4.1% in the second quarter. AdvisorNet Financial Inc now owns 7,084 shares of the company’s stock worth $386,000 after purchasing an additional 276 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC grew its stake in shares of iShares U.S. Equity Factor Rotation Active ETF by 17.7% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 264,937 shares of the company’s stock valued at $15,684,000 after purchasing an additional 39,842 shares during the period.

About iShares U.S. Equity Factor Rotation Active ETF

The BlackRock U.S. Equity Factor Rotation ETF (DYNF) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of large- and mid-cap US stocks that uses five equity style factors. DYNF was launched on Mar 19, 2019 and is managed by BlackRock.