Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) Hits New 52-Week High – What’s Next?

Burney U.S. Factor Rotation ETF (NASDAQ:BRNY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $51.77 and last traded at $51.8540, with a volume of 615 shares. The stock had previously closed at $51.48.

Burney U.S. Factor Rotation ETF Price Performance

The stock has a market capitalization of $503.78 million, a PE ratio of 22.00 and a beta of 1.08. The company’s 50 day moving average price is $50.56 and its two-hundred day moving average price is $48.42.

Burney U.S. Factor Rotation ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.052 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.21 annualized dividend and a dividend yield of 0.4%. This is an increase from Burney U.S. Factor Rotation ETF’s previous quarterly dividend of $0.02.

Hedge Funds Weigh In On Burney U.S. Factor Rotation ETF

An institutional investor recently bought a new position in Burney U.S. Factor Rotation ETF stock. Steigerwald Gordon & Koch Inc. bought a new stake in Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,513 shares of the company’s stock, valued at approximately $278,000. Steigerwald Gordon & Koch Inc. owned approximately 0.06% of Burney U.S. Factor Rotation ETF as of its most recent SEC filing.

About Burney U.S. Factor Rotation ETF

The Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation ETF (BRNY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that shifts US equity exposure between size and style perceived to be advantageous for the given market phase. Individual securities are selected based on a proprietary quantitative model, using a multi-factor approach. BRNY was launched on Oct 13, 2022 and is managed by Alpha Architect.