Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) Hits New 12-Month High – Still a Buy?

Shares of Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) hit a new 52-week high during trading on Monday . The company traded as high as $58.83 and last traded at $58.83, with a volume of 628 shares changing hands. The stock had previously closed at $57.92.

Burney U.S. Factor Rotation ETF Stock Performance

The stock has a market cap of $592.53 million, a P/E ratio of 22.00 and a beta of 1.03. The business’s 50-day moving average price is $56.34 and its 200-day moving average price is $52.55.

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

A hedge fund recently bought a new position in Burney U.S. Factor Rotation ETF stock. Steigerwald Gordon & Koch Inc. bought a new position in Burney U.S. Factor Rotation ETF (NASDAQ:BRNY) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,513 shares of the company’s stock, valued at approximately $278,000. Steigerwald Gordon & Koch Inc. owned about 0.06% of Burney U.S. Factor Rotation ETF at the end of the most recent quarter.

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.