iShares Floating Rate Loan Active ETF (BATS:BRLN) Shares Down 0.3% – Here’s What Happened

iShares Floating Rate Loan Active ETF (BATS:BRLN)’s share price were down 0.3% during mid-day trading on Monday . The stock traded as low as $50.97 and last traded at $51.05. Approximately 2,856 shares were traded during trading, a decline of 62% from the average daily volume of 7,507 shares. The stock had previously closed at $51.19.

iShares Floating Rate Loan Active ETF Stock Performance

The stock has a 50 day moving average price of $51.44 and a 200 day moving average price of $51.68.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRLN. Captrust Financial Advisors bought a new position in shares of iShares Floating Rate Loan Active ETF during the 4th quarter valued at approximately $1,185,000. Aventus Investment Advisors Inc. raised its holdings in shares of iShares Floating Rate Loan Active ETF by 4.7% in the 4th quarter. Aventus Investment Advisors Inc. now owns 13,418 shares of the company’s stock worth $693,000 after purchasing an additional 606 shares during the period. Finally, Farther Finance Advisors LLC purchased a new position in iShares Floating Rate Loan Active ETF in the fourth quarter valued at approximately $139,000.

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.