iShares Floating Rate Loan Active ETF (BATS:BRLN) Stock Pass Above 200 Day Moving Average – Should You Sell?

iShares Floating Rate Loan Active ETF (BATS:BRLN) passed 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 trading hands.

iShares Floating Rate Loan Active ETF Stock Performance

The company’s 50 day moving average price is $52.62 and its 200-day moving average price is $52.55.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares Floating Rate Loan Active ETF stock. J.W. Cole Advisors Inc. lifted its position in shares of iShares Floating Rate Loan Active ETF (BATS:BRLN) by 38.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,474 shares of the company’s stock after buying an additional 7,416 shares during the quarter. J.W. Cole Advisors Inc. owned about 3.31% of iShares Floating Rate Loan Active ETF worth $1,391,000 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.