iShares Floating Rate Loan Active ETF (BATS:BRLN) Trading Up 0% – Still a Buy?

Shares of iShares Floating Rate Loan Active ETF (BATS:BRLN) were up 0% during mid-day trading on Tuesday . The stock traded as high as $52.83 and last traded at $52.83. Approximately 3,765 shares traded hands during trading, The stock had previously closed at $52.80.

iShares Floating Rate Loan Active ETF Stock Performance

The company’s 50 day moving average price is $52.56 and its 200-day moving average price is $52.54.

iShares Floating Rate Loan Active ETF Increases Dividend

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares Floating Rate Loan Active ETF stock. J.W. Cole Advisors Inc. increased its holdings in iShares Floating Rate Loan Active ETF (BATS:BRLN) by 38.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,474 shares of the company’s stock after buying an additional 7,416 shares during the period. J.W. Cole Advisors Inc. owned 3.31% of iShares Floating Rate Loan Active ETF worth $1,391,000 as of its most recent SEC filing.

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.