ARK & TLK Investments LLC Purchases 21,281 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

ARK & TLK Investments LLC raised its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 371.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,017 shares of the company’s stock after purchasing an additional 21,281 shares during the quarter. ARK & TLK Investments LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,375,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Continental Investors Services Inc. grew its position in 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 period. Pine Valley Investments Ltd Liability Co lifted its position in 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 purchasing an additional 214 shares in the last quarter. Y.D. More Investments Ltd lifted its position in shares of iShares Floating Rate Bond ETF by 1.2% in the fourth quarter. Y.D. More Investments Ltd now owns 21,150 shares of the company’s stock valued at $1,076,000 after acquiring an additional 250 shares in the last quarter. Legacy Capital Wealth Partners LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 0.5% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 52,254 shares of the company’s stock worth $2,659,000 after purchasing an additional 255 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. lifted its position in shares of iShares Floating Rate Bond ETF by 20.0% in the fourth quarter. Sanctuary Wealth Management L.L.C. now owns 1,598 shares of the company’s stock worth $81,000 after buying an additional 266 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

BATS FLOT opened at $51.05 on Friday. iShares Floating Rate Bond ETF has a 1-year low of $50.28 and a 1-year high of $51.16. The business has a 50 day simple moving average of $51.00 and a two-hundred day simple moving average of $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

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