iShares Floating Rate Loan Active ETF (BATS:BRLN) Share Price Cross Above 200-Day Moving Average – Here’s What Happened

iShares Floating Rate Loan Active ETF (BATS:BRLN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $52.55 and traded as high as $52.87. iShares Floating Rate Loan Active ETF shares last traded at $52.75, with a volume of 2,399 shares traded.

iShares Floating Rate Loan Active ETF Stock Performance

The company’s 50-day simple moving average is $52.62 and its 200-day simple moving average is $52.55.

Institutional Trading of iShares Floating Rate Loan Active ETF

A hedge fund recently raised its stake in iShares Floating Rate Loan Active ETF stock. Outlook Wealth Advisors LLC raised its position in iShares Floating Rate Loan Active ETF (BATS:BRLN) by 35.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 14,860 shares of the company’s stock after acquiring 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 at the end of the most recent reporting period.

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.