8,718 Shares in iShares Floating Rate Bond ETF (BATS:FLOT) Purchased by Rik Saylor Financial Inc.

Rik Saylor Financial Inc. purchased a new position in iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,718 shares of the company’s stock, valued at approximately $444,000.

Several other institutional investors have also modified their holdings of the business. Franklin Resources Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 31.0% in the 3rd quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock valued at $240,430,000 after purchasing an additional 1,118,243 shares in the last quarter. US Bancorp DE grew its position in shares of iShares Floating Rate Bond ETF by 143.8% in the 3rd quarter. US Bancorp DE now owns 624,945 shares of the company’s stock worth $31,897,000 after acquiring an additional 368,596 shares in the last quarter. Hartline Investment Corp boosted its holdings in shares of iShares Floating Rate Bond ETF by 284.6% in the 3rd quarter. Hartline Investment Corp now owns 398,935 shares of the company’s stock valued at $20,362,000 after buying an additional 295,204 shares during the period. Mutual Advisors LLC grew its position in shares of iShares Floating Rate Bond ETF by 880.7% during the 4th quarter. Mutual Advisors LLC now owns 249,801 shares of the company’s stock valued at $12,740,000 after buying an additional 224,329 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in iShares Floating Rate Bond ETF by 510.0% in the third quarter. Integrated Wealth Concepts LLC now owns 229,208 shares of the company’s stock valued at $11,699,000 after acquiring an additional 191,633 shares during the period.

iShares Floating Rate Bond ETF Trading Down 0.1 %

Shares of iShares Floating Rate Bond ETF stock opened at $50.94 on Thursday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The business’s 50 day simple moving average is $50.94 and its 200-day simple moving average is $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be issued a $0.2021 dividend. The ex-dividend date of this dividend is 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.