iShares Floating Rate Loan Active ETF (BATS:BRLN) Stock Price Down 0.4% – Should You Sell?

iShares Floating Rate Loan Active ETF (BATS:BRLN)’s stock price fell 0.4% during trading on Friday . The company traded as low as $51.45 and last traded at $51.38. 1,947 shares traded hands during trading, a decline of 79% from the average session volume of 9,457 shares. The stock had previously closed at $51.5646.

iShares Floating Rate Loan Active ETF Price Performance

The business’s fifty day moving average is $51.61 and its two-hundred day moving average is $51.81.

Institutional Trading of iShares Floating Rate Loan Active ETF

A hedge fund recently bought a new stake in iShares Floating Rate Loan Active ETF stock. Farther Finance Advisors LLC purchased a new position in iShares Floating Rate Loan Active ETF (BATS:BRLN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,700 shares of the company’s stock, valued at approximately $139,000. Farther Finance Advisors LLC owned 0.23% of iShares Floating Rate Loan Active ETF at the end of the most recent reporting period.

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.