iShares Floating Rate Loan Active ETF (BATS:BRLN) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of iShares Floating Rate Loan Active ETF (BATS:BRLN) 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 Price Performance

The firm has a 50 day moving average of $52.62 and a two-hundred day moving average of $52.55.

Institutional Investors 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 raised its position in iShares Floating Rate Loan Active ETF (BATS:BRLN) by 35.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,860 shares of the company’s stock after purchasing 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 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.