Crane Advisory LLC purchased a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,936 shares of the company’s stock, valued at approximately $200,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 156.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,959,885 shares of the company’s stock worth $150,676,000 after acquiring an additional 1,804,501 shares in the last quarter. Scarborough Advisors LLC increased its stake in shares of iShares Floating Rate Bond ETF by 1,437.5% in the 4th quarter. Scarborough Advisors LLC now owns 1,299,349 shares of the company’s stock worth $65,773,000 after acquiring an additional 1,214,838 shares in the last quarter. Northern Trust Corp increased its stake in shares of iShares Floating Rate Bond ETF by 24.0% in the 3rd quarter. Northern Trust Corp now owns 3,674,495 shares of the company’s stock worth $186,995,000 after acquiring an additional 712,205 shares in the last quarter. Apollon Wealth Management LLC increased its stake in shares of iShares Floating Rate Bond ETF by 3,178.1% in the 4th quarter. Apollon Wealth Management LLC now owns 566,559 shares of the company’s stock worth $28,679,000 after acquiring an additional 549,276 shares in the last quarter. Finally, Cape Cod Five Cents Savings Bank increased its stake in shares of iShares Floating Rate Bond ETF by 103.7% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 840,858 shares of the company’s stock worth $42,791,000 after acquiring an additional 427,981 shares in the last quarter.
iShares Floating Rate Bond ETF Stock Performance
FLOT stock traded up $0.02 during trading on Tuesday, hitting $51.06. 504,173 shares of the stock traded hands. The firm’s 50 day moving average is $51.00 and its two-hundred day moving average is $50.89. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10.
iShares Floating Rate Bond ETF Increases Dividend
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.
Further Reading
- Five stocks we like better than iShares Floating Rate Bond ETF
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Has the Summer Stock Market Rally Peaked?
- How to Calculate Options Profits
- Reddit Stock and the Rubberband Effect: A Case for Lower Prices
- What Makes a Stock a Good Dividend Stock?
- What is a Value Trap? A Complete Overview
Want to see what other hedge funds are holding FLOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Floating Rate Bond ETF (BATS:FLOT – Free Report).
Receive News & Ratings for iShares Floating Rate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Floating Rate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.