Shares of the iShares High Yield Active ETF (NASDAQ:BRHY) experienced a modest increase of 0.1% on Thursday, following the announcement of a new dividend. The stock reached a high of $51.46 before closing at $51.45. During mid-day trading, a total of 10,734 shares changed hands, representing an increase of 81% compared to the average trading volume of 5,926 shares.
The recently announced dividend will be paid on December 24, 2024, with investors of record as of December 19, 2024 set to receive a dividend of $0.2759 per share. The ex-dividend date is also marked for December 19, 2024, indicating the last day for investors to purchase shares to qualify for the dividend. This dividend reflects an annualized yield of 6.5%.
Market Performance and Investment Insights
In addition to the dividend announcement, the iShares High Yield Active ETF has shown fluctuations in its market performance. The stock’s 50-day moving average stands at $51.84, while the 200-day moving average is noted at $51.76. Currently, the ETF holds a market capitalization of $79.42 million, a price-to-earnings ratio of 14.81, and a beta of 0.24, indicating lower volatility compared to the broader market.
The iShares High Yield Active ETF, launched on June 17, 2024, is managed by BlackRock and primarily invests in high-yield fixed-income securities. The fund aims to maximize total returns by actively managing a portfolio of corporate bonds with maturities of ten years or less.
Investors considering this ETF may find its focus on high-yield corporate bonds appealing, particularly given the current economic climate where return-seeking strategies are paramount. With the announcement of the dividend, the ETF could attract further interest from both retail and institutional investors looking for income-generating opportunities.
As the fund continues to navigate market conditions, its performance will be closely monitored by analysts and investors alike.
