Envestnet Portfolio Solutions Inc. Acquires New Holdings in Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI)

Envestnet Portfolio Solutions Inc. bought a new position in Blackrock Advantage Large Cap Income ETF (NYSEARCA:BALI) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 89,848 shares of the company’s stock, valued at approximately $2,718,000. Envestnet Portfolio Solutions Inc. owned 0.08% of Blackrock Advantage Large Cap Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC bought a new position in shares of Blackrock Advantage Large Cap Income ETF during the 3rd quarter worth approximately $837,000. OneDigital Investment Advisors LLC grew its holdings in Blackrock Advantage Large Cap Income ETF by 2.0% in the third quarter. OneDigital Investment Advisors LLC now owns 17,063 shares of the company’s stock worth $518,000 after purchasing an additional 340 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Blackrock Advantage Large Cap Income ETF during the third quarter worth $296,000. Global Retirement Partners LLC purchased a new stake in shares of Blackrock Advantage Large Cap Income ETF during the 4th quarter valued at $38,000. Finally, Quadrant Private Wealth Management LLC purchased a new stake in shares of Blackrock Advantage Large Cap Income ETF during the 4th quarter valued at $335,000.

Blackrock Advantage Large Cap Income ETF Price Performance

Shares of BALI stock opened at $29.00 on Thursday. The stock’s fifty day moving average price is $30.29 and its 200 day moving average price is $30.45. Blackrock Advantage Large Cap Income ETF has a 1-year low of $27.31 and a 1-year high of $31.66. The company has a market cap of $31.32 million, a price-to-earnings ratio of 25.41 and a beta of 0.85.

Blackrock Advantage Large Cap Income ETF Increases Dividend

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

About Blackrock Advantage Large Cap Income ETF

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.