Eastern Bank Acquires Shares of 800 iShares Floating Rate Bond ETF (BATS:FLOT)

Eastern Bank acquired a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 800 shares of the company’s stock, valued at approximately $41,000.

Other hedge funds have also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $27,000. Pineridge Advisors LLC grew its position in shares of iShares Floating Rate Bond ETF by 172.0% in the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after acquiring an additional 430 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 2nd quarter worth approximately $50,000. LRI Investments LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 1st quarter worth approximately $82,000. Finally, Cranbrook Wealth Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 2nd quarter worth approximately $126,000.

iShares Floating Rate Bond ETF Trading Up 0.1 %

Shares of FLOT opened at $51.06 on Friday. The stock has a 50 day moving average of $50.95 and a 200-day moving average of $50.96. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.26 dividend. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, September 3rd.

About iShares Floating Rate Bond ETF

The iShares Floating Rate Bond ETF (FLOT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of USD-denominated, investment-grade floating rate notes with maturities of 0-5 years. FLOT was launched on Jun 14, 2011 and is managed by BlackRock.