iShares Floating Rate Loan Active ETF (BATS:BRLN) Shares Up 0.1% – Here’s What Happened

iShares Floating Rate Loan Active ETF (BATS:BRLN)’s stock price shot up 0.1% during trading on Wednesday . The stock traded as high as $52.97 and last traded at $52.84. 4,369 shares traded hands during trading, The stock had previously closed at $52.80.

iShares Floating Rate Loan Active ETF Trading Down 0.1 %

The stock’s 50-day moving average is $52.59 and its 200-day moving average is $52.54.

iShares Floating Rate Loan Active ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued 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.

Institutional Investors Weigh In On 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 lifted its holdings in shares of iShares Floating Rate Loan Active ETF (BATS:BRLN) by 35.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,860 shares of the company’s stock after acquiring an additional 3,864 shares during the quarter. Outlook Wealth Advisors LLC owned 1.86% of iShares Floating Rate Loan Active ETF worth $781,000 as of its most recent filing with the 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.