Shares of iShares Floating Rate Loan Active ETF (BATS:BRLN – Get Free Report) traded down 0.3% during mid-day trading on Tuesday . The company traded as low as $50.57 and last traded at $50.59. 1,582 shares traded hands during trading, a decline of 79% from the average session volume of 7,544 shares. The stock had previously closed at $50.74.
iShares Floating Rate Loan Active ETF Price Performance
The company has a 50 day moving average price of $50.77 and a 200 day moving average price of $50.87.
Institutional Investors Weigh In On iShares Floating Rate Loan Active ETF
Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new position in shares of iShares Floating Rate Loan Active ETF during the fourth quarter worth approximately $139,000. Aventus Investment Advisors Inc. grew its position in iShares Floating Rate Loan Active ETF by 4.6% in the 1st quarter. Aventus Investment Advisors Inc. now owns 14,041 shares of the company’s stock valued at $713,000 after purchasing an additional 623 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in iShares Floating Rate Loan Active ETF in the 4th quarter valued at $1,185,000.
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.
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