5,693 Shares in iShares Floating Rate Bond ETF (BATS:FLOT) Bought by Modern Wealth Management LLC

Modern Wealth Management LLC bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,693 shares of the company’s stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FLOT. Logan Capital Management Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth about $25,000. Boyd Watterson Asset Management LLC OH grew its position in iShares Floating Rate Bond ETF by 227.5% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock worth $71,000 after purchasing an additional 967 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in iShares Floating Rate Bond ETF in the 4th quarter worth about $100,000. Marshall Investment Management LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $117,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 26.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 2,680 shares of the company’s stock valued at $136,000 after buying an additional 563 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $51.04 on Friday. iShares Floating Rate Bond ETF has a 12-month low of $50.28 and a 12-month high of $51.16. The business has a 50 day simple moving average of $51.00 and a 200 day simple moving average of $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.1912 dividend. The ex-dividend date of this dividend was Monday, March 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.