LPL Financial LLC Invests $14.74 Million in Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI)

LPL Financial LLC bought a new stake in Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI) in the fourth quarter, Holdings Channel reports. The institutional investor bought 487,257 shares of the company’s stock, valued at approximately $14,740,000. LPL Financial LLC owned 0.45% of Blackrock Advantage Large Cap Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in shares of Blackrock Advantage Large Cap Income ETF during the 3rd quarter valued at about $837,000. Commonwealth Equity Services LLC bought a new position in Blackrock Advantage Large Cap Income ETF during the fourth quarter worth about $5,764,000. Jane Street Group LLC acquired a new stake in Blackrock Advantage Large Cap Income ETF during the third quarter valued at approximately $296,000. Global Retirement Partners LLC bought a new stake in shares of Blackrock Advantage Large Cap Income ETF in the 4th quarter valued at approximately $38,000. Finally, Quadrant Private Wealth Management LLC acquired a new position in shares of Blackrock Advantage Large Cap Income ETF in the 4th quarter worth approximately $335,000.

Blackrock Advantage Large Cap Income ETF Stock Performance

Shares of NYSEARCA BALI opened at $28.57 on Wednesday. Blackrock Advantage Large Cap Income ETF has a 52-week low of $27.31 and a 52-week high of $31.66. The business has a fifty day moving average of $30.02 and a two-hundred day moving average of $30.43. The stock has a market cap of $30.86 million, a PE ratio of 23.61 and a beta of 0.85.

Blackrock Advantage Large Cap Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.2059 per share. The ex-dividend date was Monday, March 3rd. This is a boost from Blackrock Advantage Large Cap Income ETF’s previous dividend of $0.17.

Blackrock Advantage Large Cap Income ETF Company Profile

The BlackRock Advantage Large Cap Income ETF (BALI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that holds a portfolio of US large-cap equity securities. The fund seeks to achieve its investment objective by utilizing proprietary return forecast models combined with quantitative analysis methods BALI was launched on Sep 26, 2023 and is issued by BlackRock.