Flputnam Investment Management Co. Acquires 65,134 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Flputnam Investment Management Co. grew its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,148,745 shares of the company’s stock after acquiring an additional 65,134 shares during the period. iShares Floating Rate Bond ETF accounts for approximately 1.1% of Flputnam Investment Management Co.’s holdings, making the stock its 17th largest position. Flputnam Investment Management Co.’s holdings in iShares Floating Rate Bond ETF were worth $58,448,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FLOT. Private Trust Co. NA boosted its stake in shares of iShares Floating Rate Bond ETF by 28.3% during the 4th quarter. Private Trust Co. NA now owns 13,286 shares of the company’s stock worth $676,000 after acquiring an additional 2,928 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in iShares Floating Rate Bond ETF by 2,108.2% in the 4th quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock worth $231,716,000 after purchasing an additional 4,347,920 shares during the last quarter. New York Life Investment Management LLC boosted its position in iShares Floating Rate Bond ETF by 12.8% during the fourth quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock worth $155,445,000 after purchasing an additional 347,836 shares during the period. Bank of New York Mellon Corp grew its holdings in iShares Floating Rate Bond ETF by 21.5% during the fourth quarter. Bank of New York Mellon Corp now owns 40,060 shares of the company’s stock valued at $2,038,000 after purchasing an additional 7,099 shares during the last quarter. Finally, Sierra Capital LLC raised its position in shares of iShares Floating Rate Bond ETF by 66.8% in the fourth quarter. Sierra Capital LLC now owns 173,747 shares of the company’s stock valued at $8,840,000 after purchasing an additional 69,599 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of iShares Floating Rate Bond ETF stock opened at $51.10 on Friday. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10. The firm has a fifty day simple moving average of $50.97 and a 200-day simple moving average of $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2021 per share. The ex-dividend date 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.