iShares Floating Rate Loan Active ETF (BATS:BRLN) Shares Down 1.2% – Here’s What Happened

iShares Floating Rate Loan Active ETF (BATS:BRLNGet Free Report) traded down 1.2% during trading on Monday . The company traded as low as $52.26 and last traded at $51.78. 2,647 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 10,200 shares. The stock had previously closed at $52.38.

iShares Floating Rate Loan Active ETF Trading Down 1.2 %

The company’s fifty day simple moving average is $52.22 and its two-hundred day simple moving average is $52.43.

iShares Floating Rate Loan Active ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.2425 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

iShares Floating Rate Loan Active ETF Company Profile

(Get Free Report)

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.

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