BlackRock Floating Rate Loan ETF (BATS:BRLN) to Issue Dividend of $0.38

Posted by Erica Schwartz on Mar 29th, 2024

BlackRock Floating Rate Loan ETF (BATS:BRLN – Get Free Report) declared a dividend on Thursday, March 28th, NASDAQ reports. Stockholders of record on Tuesday, April 2nd will be given a dividend of 0.3801 per share on Friday, April 5th. The ex-dividend date of this dividend is Monday, April 1st. This is an increase from BlackRock Floating Rate Loan ETF’s previous dividend of $0.38.

BlackRock Floating Rate Loan ETF Stock Up 0.2 %

Shares of BlackRock Floating Rate Loan ETF stock traded up $0.13 on Friday, hitting $52.88. The company had a trading volume of 12,624 shares. The company has a fifty day simple moving average of $52.57 and a 200-day simple moving average of $52.50.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BlackRock Floating Rate Loan ETF stock. Jane Street Group LLC bought a new position in shares of BlackRock Floating Rate Loan ETF (BATS:BRLN – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,172 shares of the company’s stock, valued at approximately $314,000.

BlackRock Floating Rate Loan 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.