Bank of New York Mellon Corp Acquires 7,099 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Bank of New York Mellon Corp boosted its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 21.5% in the fourth quarter, Holdings Channel reports. The firm owned 40,060 shares of the company’s stock after purchasing an additional 7,099 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Floating Rate Bond ETF were worth $2,038,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in iShares Floating Rate Bond ETF by 61.8% in the fourth quarter. Principal Financial Group Inc. now owns 32,850 shares of the company’s stock valued at $1,671,000 after acquiring an additional 12,550 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares Floating Rate Bond ETF by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock worth $35,489,000 after buying an additional 91,686 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,002 shares of the company’s stock worth $1,276,000 after buying an additional 502 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 55.6% during the 4th quarter. Kingsview Wealth Management LLC now owns 47,146 shares of the company’s stock worth $2,399,000 after buying an additional 16,856 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 14.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 103,726 shares of the company’s stock worth $5,294,000 after buying an additional 12,859 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.1 %

Shares of iShares Floating Rate Bond ETF stock opened at $51.02 on Friday. iShares Floating Rate Bond ETF has a twelve month low of $50.28 and a twelve month high of $51.16. The company has a 50-day simple moving average of $50.99 and a two-hundred day simple moving average of $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1912 dividend. The ex-dividend date was Monday, March 3rd.

iShares Floating Rate Bond ETF Profile

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.