iShares Floating Rate Loan Active ETF (BATS:BRLN) Trading 0.1% Higher – Here’s Why

iShares Floating Rate Loan Active ETF (BATS:BRLN) were up 0.1% during mid-day trading on Wednesday . The stock traded as high as $52.97 and last traded at $52.84. Approximately 4,369 shares were traded during mid-day trading, The stock had previously closed at $52.80.

iShares Floating Rate Loan Active ETF Stock Performance

The business’s 50 day moving average price is $52.58 and its 200 day moving average price is $52.54.

iShares Floating Rate Loan Active ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.3744 per share. This is a positive change from iShares Floating Rate Loan Active ETF’s previous dividend of $0.32. The ex-dividend date was Tuesday, September 3rd.

Hedge Funds Weigh In On iShares Floating Rate Loan Active ETF

An institutional investor recently raised its position in iShares Floating Rate Loan Active ETF stock. Outlook Wealth Advisors LLC lifted its position in shares of iShares Floating Rate Loan Active ETF (BATS:BRLN) by 35.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,860 shares of the company’s stock after buying an additional 3,864 shares during the period. Outlook Wealth Advisors LLC owned approximately 1.86% of iShares Floating Rate Loan Active ETF worth $781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.