Franklin Resources Inc. Has $178.37 Million Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Franklin Resources Inc. cut its position in iShares Floating Rate Bond ETF (BATS:FLOTFree Report) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,523,793 shares of the company’s stock after selling 142,584 shares during the quarter. Franklin Resources Inc. owned 2.50% of iShares Floating Rate Bond ETF worth $178,374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FLOT. SouthState Corp bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter valued at approximately $32,000. Planned Solutions Inc. bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter valued at approximately $33,000. SRS Capital Advisors Inc. grew its holdings in shares of iShares Floating Rate Bond ETF by 444.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock valued at $41,000 after purchasing an additional 654 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of iShares Floating Rate Bond ETF by 64.2% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after purchasing an additional 550 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter valued at approximately $73,000.

iShares Floating Rate Bond ETF Stock Up 0.1 %

Shares of iShares Floating Rate Bond ETF stock opened at $51.04 on Thursday. The firm’s 50 day moving average is $50.97 and its 200 day moving average is $50.84. 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

The business also recently declared a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a $0.2559 dividend. The ex-dividend date was Monday, April 1st. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

About iShares Floating Rate Bond ETF

(Free Report)

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

Institutional Ownership by Quarter for iShares Floating Rate Bond ETF (BATS:FLOT)

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