L.K. Benson & Company P.C. Buys Shares of 16,647 iShares Floating Rate Bond ETF (BATS:FLOT)

L.K. Benson & Company P.C. purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,647 shares of the company’s stock, valued at approximately $847,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FLOT. Horizon Investments LLC grew its stake in shares of iShares Floating Rate Bond ETF by 261.9% in the fourth quarter. Horizon Investments LLC now owns 8,472 shares of the company’s stock worth $429,000 after purchasing an additional 6,131 shares during the last quarter. SSI Investment Management LLC grew its position in shares of iShares Floating Rate Bond ETF by 1.7% in the 4th quarter. SSI Investment Management LLC now owns 92,504 shares of the company’s stock valued at $4,707,000 after buying an additional 1,565 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of iShares Floating Rate Bond ETF by 2.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 54,032 shares of the company’s stock valued at $2,749,000 after buying an additional 1,289 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of iShares Floating Rate Bond ETF by 199.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 7,945 shares of the company’s stock valued at $404,000 after buying an additional 5,288 shares during the period. Finally, SlateStone Wealth LLC raised its position in shares of iShares Floating Rate Bond ETF by 10.8% during the fourth quarter. SlateStone Wealth LLC now owns 24,585 shares of the company’s stock worth $1,251,000 after acquiring an additional 2,400 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0 %

Shares of FLOT stock opened at $50.99 on Wednesday. The business’s 50 day simple moving average is $50.99 and its 200 day simple moving average is $50.95. iShares Floating Rate Bond ETF has a one year low of $50.28 and a one year high of $51.16.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently disclosed 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.