iShares Floating Rate Loan Active ETF (BATS:BRLN) Stock Price Down 0.4% – What’s Next?

iShares Floating Rate Loan Active ETF (BATS:BRLN) shares fell 0.4% during trading on Friday . The stock traded as low as $51.45 and last traded at $51.38. 1,947 shares were traded during mid-day trading, a decline of 79% from the average session volume of 9,457 shares. The stock had previously closed at $51.5646.

iShares Floating Rate Loan Active ETF Trading Down 0.4%

The stock’s fifty day simple moving average is $51.61 and its 200-day simple moving average is $51.81.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares Floating Rate Loan Active ETF stock. Farther Finance Advisors LLC purchased a new stake in iShares Floating Rate Loan Active ETF (BATS:BRLN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,700 shares of the company’s stock, valued at approximately $139,000. Farther Finance Advisors LLC owned about 0.23% of iShares Floating Rate Loan Active ETF at the end of the most recent quarter.

About iShares Floating Rate Loan Active 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.