Envestnet Portfolio Solutions Inc. Takes $379.29 Million Position in BlackRock U.S. Equity Factor Rotation ETF (NYSEARCA:DYNF)

Envestnet Portfolio Solutions Inc. purchased a new position in shares of BlackRock U.S. Equity Factor Rotation ETF (NYSEARCA:DYNF) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,542,652 shares of the company’s stock, valued at approximately $379,294,000. BlackRock U.S. Equity Factor Rotation ETF makes up 1.4% of Envestnet Portfolio Solutions Inc.’s investment portfolio, making the stock its 16th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in BlackRock U.S. Equity Factor Rotation ETF in the 1st quarter valued at about $3,728,000. Beacon Bridge Wealth Partners LLC acquired a new stake in BlackRock U.S. Equity Factor Rotation ETF during the first quarter worth about $4,302,000. Commonwealth Retirement Investments LLC acquired a new position in BlackRock U.S. Equity Factor Rotation ETF in the 1st quarter valued at about $1,996,000. Csenge Advisory Group acquired a new stake in shares of BlackRock U.S. Equity Factor Rotation ETF during the 1st quarter worth approximately $3,775,000. Finally, Catalina Capital Group LLC purchased a new stake in shares of BlackRock U.S. Equity Factor Rotation ETF during the 1st quarter valued at approximately $564,000.

BlackRock U.S. Equity Factor Rotation ETF Price Performance

DYNF traded up $0.26 during trading hours on Friday, reaching $48.19. The company’s stock had a trading volume of 1,022,813 shares, compared to its average volume of 1,948,245. The business’s 50-day moving average is $46.01 and its 200-day moving average is $43.51. The stock has a market cap of $8.34 billion, a PE ratio of 24.57 and a beta of 1.15. BlackRock U.S. Equity Factor Rotation ETF has a fifty-two week low of $33.31 and a fifty-two week high of $48.53.

About BlackRock U.S. Equity Factor Rotation ETF

The BlackRock U.S. Equity Factor Rotation ETF (DYNF) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of large- and mid-cap US stocks that uses five equity style factors. DYNF was launched on Mar 19, 2019 and is managed by BlackRock.