GFG Capital LLC Purchases New Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

GFG Capital LLC purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 52,835 shares of the company’s stock, valued at approximately $2,697,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in shares of iShares Floating Rate Bond ETF by 8.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 505,810 shares of the company’s stock worth $25,604,000 after acquiring an additional 40,947 shares in the last quarter. Banque Cantonale Vaudoise grew its holdings in iShares Floating Rate Bond ETF by 35.8% in the 1st quarter. Banque Cantonale Vaudoise now owns 5,135 shares of the company’s stock worth $262,000 after buying an additional 1,355 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 47.8% during the first quarter. Park Avenue Securities LLC now owns 30,116 shares of the company’s stock valued at $1,538,000 after purchasing an additional 9,736 shares during the period. Global Assets Advisory LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 1st quarter worth about $4,243,000. Finally, Disciplined Investments LLC lifted its position in iShares Floating Rate Bond ETF by 2.2% in the first quarter. Disciplined Investments LLC now owns 16,814 shares of the company’s stock worth $859,000 after purchasing an additional 357 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $50.96 on Tuesday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The company has a 50-day moving average of $50.94 and a 200-day moving average of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, September 3rd. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

iShares Floating Rate Bond ETF Company Profile

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.