iShares Floating Rate Loan Active ETF (BATS:BRLN) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of iShares Floating Rate Loan Active ETF (BATS:BRLN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $52.55 and traded as high as $52.60. iShares Floating Rate Loan Active ETF shares last traded at $52.54, with a volume of 14,982 shares traded.

iShares Floating Rate Loan Active ETF Stock Performance

The business’s 50-day simple moving average is $52.61 and its two-hundred day simple moving average is $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. J.W. Cole Advisors Inc. boosted its stake in shares of iShares Floating Rate Loan Active ETF (BATS:BRLN) by 38.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,474 shares of the company’s stock after acquiring 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 as of its most recent filing with the Securities and Exchange Commission.

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.