iShares Floating Rate Loan Active ETF (BATS:BRLN) Stock Price Up 0.4% – Still a Buy?

iShares Floating Rate Loan Active ETF (BATS:BRLN) shares shot up 0.4% on Friday. The stock traded as high as $50.46 and last traded at $50.35. 834 shares traded hands during trading, a decline of 89% from the average daily volume of 7,350 shares. The stock had previously closed at $50.13.

iShares Floating Rate Loan Active ETF Trading Up 0.4%

The firm has a fifty day moving average price of $50.71 and a 200 day moving average price of $50.78.

Institutional Trading of iShares Floating Rate Loan Active ETF

A hedge fund recently raised its stake in iShares Floating Rate Loan Active ETF stock. Aventus Investment Advisors Inc. raised its holdings in shares of iShares Floating Rate Loan Active ETF (BATS:BRLN) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,041 shares of the company’s stock after acquiring an additional 623 shares during the quarter. iShares Floating Rate Loan Active ETF makes up 0.6% of Aventus Investment Advisors Inc.’s investment portfolio, making the stock its 26th largest holding. Aventus Investment Advisors Inc. owned 1.22% of iShares Floating Rate Loan Active ETF worth $713,000 as of its most recent SEC filing.

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.