iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Sees Large Volume Increase – Time to Buy?

iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) saw strong trading volume on Thursday . 8,342,801 shares traded hands during trading, an increase of 666% from the previous session’s volume of 1,088,530 shares.The stock last traded at $43.16 and had previously closed at $43.05.

iShares U.S. Thematic Rotation Active ETF Price Performance

The firm has a market capitalization of $8.80 billion, a P/E ratio of -4,215.84 and a beta of 1.10. The stock’s 50-day simple moving average is $39.79 and its two-hundred day simple moving average is $38.92.

Hedge Funds Weigh In On iShares U.S. Thematic Rotation Active ETF

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of iShares U.S. Thematic Rotation Active ETF by 32.9% in the fourth quarter. Farther Finance Advisors LLC now owns 342,503 shares of the company’s stock worth $13,207,000 after purchasing an additional 84,874 shares during the period. CoreCap Advisors LLC boosted its position in shares of iShares U.S. Thematic Rotation Active ETF by 39.7% in the fourth quarter. CoreCap Advisors LLC now owns 67,808 shares of the company’s stock worth $2,615,000 after purchasing an additional 19,254 shares during the period. Magnolia Private Wealth LLC bought a new position in shares of iShares U.S. Thematic Rotation Active ETF in the fourth quarter worth approximately $476,000. Cornerstone Planning Group LLC boosted its position in shares of iShares U.S. Thematic Rotation Active ETF by 8,396.3% in the third quarter. Cornerstone Planning Group LLC now owns 53,442 shares of the company’s stock worth $2,062,000 after purchasing an additional 52,813 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of iShares U.S. Thematic Rotation Active ETF by 2.7% in the third quarter. JPMorgan Chase & Co. now owns 10,294,011 shares of the company’s stock worth $389,731,000 after purchasing an additional 272,964 shares during the period.

About iShares U.S. Thematic Rotation Active ETF

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.