Bonfire Financial Makes New Investment in iShares Floating Rate Bond ETF (BATS:FLOT)

Bonfire Financial bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 45,551 shares of the company’s stock, valued at approximately $2,318,000. iShares Floating Rate Bond ETF comprises 2.1% of Bonfire Financial’s portfolio, making the stock its 15th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Continental Investors Services Inc. raised its position in shares of iShares Floating Rate Bond ETF by 2.6% during the third quarter. Continental Investors Services Inc. now owns 7,884 shares of the company’s stock valued at $401,000 after buying an additional 202 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of iShares Floating Rate Bond ETF by 1.5% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,350 shares of the company’s stock valued at $732,000 after buying an additional 214 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of iShares Floating Rate Bond ETF by 1.2% during the fourth quarter. Y.D. More Investments Ltd now owns 21,150 shares of the company’s stock valued at $1,076,000 after buying an additional 250 shares during the last quarter. Western Financial Corp CA raised its position in shares of iShares Floating Rate Bond ETF by 1.9% during the third quarter. Western Financial Corp CA now owns 13,592 shares of the company’s stock valued at $694,000 after buying an additional 256 shares during the last quarter. Finally, Flagstar Advisors Inc. raised its position in shares of iShares Floating Rate Bond ETF by 1.4% during the third quarter. Flagstar Advisors Inc. now owns 22,307 shares of the company’s stock valued at $1,139,000 after buying an additional 315 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.1 %

Shares of FLOT opened at $50.95 on Tuesday. The company has a 50-day simple moving average of $50.94 and a 200-day simple moving average of $50.94. 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 Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.2021 dividend. The ex-dividend date of this dividend was Monday, February 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.