iShares Floating Rate Loan Active ETF (BATS:BRLN – Get Free Report) traded up 0.4% during trading on Friday. The company traded as high as $50.46 and last traded at $50.35. Approximately 834 shares were traded during trading, a decline of 89% from the average session volume of 7,350 shares. The stock had previously closed at $50.13.
iShares Floating Rate Loan Active ETF Trading Up 0.4%
The firm’s 50 day simple moving average is $50.71 and its two-hundred day simple moving average is $50.78.
Institutional Investors Weigh In On iShares Floating Rate Loan Active ETF
A hedge fund recently raised its position in iShares Floating Rate Loan Active ETF stock. Aventus Investment Advisors Inc. increased its position in iShares Floating Rate Loan Active ETF (BATS:BRLN – Free Report) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,041 shares of the company’s stock after buying an additional 623 shares during the quarter. iShares Floating Rate Loan Active ETF comprises approximately 0.6% of Aventus Investment Advisors Inc.’s holdings, making the stock its 26th largest position. Aventus Investment Advisors Inc. owned approximately 1.22% of iShares Floating Rate Loan Active ETF worth $713,000 at the end of the most recent quarter.
iShares Floating Rate Loan Active ETF Company Profile
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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