BlackRock Floating Rate Loan ETF (BATS:BRLN) Raises Dividend to $0.38 Per Share

BlackRock Floating Rate Loan ETF (BATS:BRLN) declared a dividend on Thursday, March 28th, NASDAQ reports. Stockholders of record on Tuesday, April 2nd will be paid a dividend of 0.3801 per share on Friday, April 5th. The ex-dividend date of this dividend is Monday, April 1st. This is a positive change from BlackRock Floating Rate Loan ETF’s previous dividend of $0.38.

BlackRock Floating Rate Loan ETF Trading Up 0.2 %

Shares of BATS BRLN traded up $0.13 during midday trading on Friday, hitting $52.88. 12,624 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $52.57 and a two-hundred day moving average price of $52.50.

Institutional Trading of BlackRock Floating Rate Loan ETF

A hedge fund recently bought a new stake in BlackRock Floating Rate Loan ETF stock. Jane Street Group LLC acquired a new stake in shares of BlackRock Floating Rate Loan ETF (BATS:BRLN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,172 shares of the company’s stock, valued at approximately $314,000.

About BlackRock Floating Rate Loan ETF

The BlackRock Floating Rate Loan ETF (BRLN) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks to provide current income and capital appreciation by actively investing in floating rate loans of any credit quality from around the globe. BRLN was launched on Oct 4, 2022 and is managed by BlackRock.