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 peaked at $51.46 during trading, ultimately closing at $51.45. This uptick came as the ETF saw a significant rise in trading volume, with 10,734 shares exchanged, representing an increase of 81% from the average session volume of 5,926 shares.
The iShares High Yield Active ETF, managed by BlackRock, revealed that it will distribute a dividend of $0.2759 per share, payable on December 24, 2024. Shareholders on record as of December 19, 2024 will be eligible for this dividend, with the ex-dividend date set for the same day. This announcement reflects an annualized dividend yield of 6.5%.
Stock Performance Overview
Despite the positive dividend news, the stock has experienced a slight decline of 0.4% in recent trading sessions. The ETF’s performance indicators include a 50-day moving average price of $51.84 and a 200-day moving average price of $51.76. The market capitalization for BRHY stands at approximately $79.42 million, with a price-to-earnings ratio of 14.81 and a beta of 0.24, indicating lower volatility compared to the broader market.
Investment Focus
The iShares High Yield Active ETF is designed primarily for investors interested in high-yield fixed income opportunities. It aims to maximize total returns by actively managing a portfolio of corporate bonds that have maturities of ten years or less. Since its launch on June 17, 2024, the fund has attracted attention for its approach to high-yield investments.
As investors seek stable income sources in fluctuating markets, the iShares High Yield Active ETF continues to play a significant role among fixed-income investment options. The recent dividend announcement further solidifies its attractiveness to income-focused investors.
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