Shares of the iShares High Yield Active ETF (NASDAQ:BRHY) rose by 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, 10,734 shares changed hands, reflecting an increase of 81% compared to the average daily volume of 5,926 shares. The previous closing price was $51.38.
The dividend announcement stated that a payment of $0.2759 will be issued on December 24, 2024. Investors of record on December 19, 2024 will be eligible for this dividend. The ex-dividend date is set for the same day, December 19. This payment translates to an annualized dividend and a yield of 6.5%.
Stock Performance and Market Metrics
Despite the recent uptick in share price, the stock is down 0.4% overall. The iShares High Yield Active ETF has a 50-day moving average price of $51.84 and a 200-day moving average price of $51.76. The ETF boasts a market capitalization of $79.42 million, a price-to-earnings (P/E) ratio of 14.81, and a beta of 0.24, indicating relatively low volatility compared to the broader market.
About iShares High Yield Active ETF
The iShares High Yield Active ETF is managed by BlackRock and primarily invests in high-yield fixed-income securities. Launched on June 17, 2024, the fund aims to maximize total return by actively managing a portfolio of high-yield corporate bonds with maturities of ten years or less. Investors looking for exposure to this segment may find the fund’s strategy appealing, especially with the recent dividend offering.
For those interested in staying updated on the iShares High Yield Active ETF, MarketBeat.com provides a daily summary of news and analysts’ ratings.
