Sovran Advisors LLC Takes Position in Blackrock Advantage Large Cap Income ETF $BALI

Sovran Advisors LLC purchased a new position in Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,861 shares of the company’s stock, valued at approximately $792,000. Sovran Advisors LLC owned about 0.14% of Blackrock Advantage Large Cap Income ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its stake in Blackrock Advantage Large Cap Income ETF by 9.3% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 190,571 shares of the company’s stock valued at $6,049,000 after purchasing an additional 16,246 shares in the last quarter. Quadrant Private Wealth Management LLC lifted its holdings in shares of Blackrock Advantage Large Cap Income ETF by 17.2% during the 3rd quarter. Quadrant Private Wealth Management LLC now owns 20,157 shares of the company’s stock valued at $640,000 after buying an additional 2,955 shares during the last quarter. Detalus Advisors LLC grew its stake in shares of Blackrock Advantage Large Cap Income ETF by 4.6% in the 3rd quarter. Detalus Advisors LLC now owns 16,513 shares of the company’s stock valued at $524,000 after buying an additional 722 shares in the last quarter. Triad Wealth Partners LLC grew its stake in shares of Blackrock Advantage Large Cap Income ETF by 40.7% in the 3rd quarter. Triad Wealth Partners LLC now owns 51,084 shares of the company’s stock valued at $1,621,000 after buying an additional 14,786 shares in the last quarter. Finally, Avantra Family Wealth Inc. acquired a new position in Blackrock Advantage Large Cap Income ETF in the third quarter worth approximately $393,000.

Blackrock Advantage Large Cap Income ETF Stock Performance

Shares of BALI opened at $32.50 on Wednesday. The firm has a market cap of $752.05 million, a PE ratio of 23.77 and a beta of 0.84. The firm’s 50 day moving average price is $31.81 and its 200 day moving average price is $31.39. Blackrock Advantage Large Cap Income ETF has a twelve month low of $25.05 and a twelve month high of $32.50.

Blackrock Advantage Large Cap Income ETF Profile

The BlackRock Advantage Large Cap Income ETF (BALI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that holds a portfolio of US large-cap equity securities. The fund seeks to achieve its investment objective by utilizing proprietary return forecast models combined with quantitative analysis methods BALI was launched on Sep 26, 2023 and is issued by BlackRock.