Park Place Capital Corp Sells 400 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Park Place Capital Corp lessened its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 8.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,155 shares of the company’s stock after selling 400 shares during the period. Park Place Capital Corp’s holdings in iShares Floating Rate Bond ETF were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in FLOT. SouthState Corp bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth approximately $32,000. Planned Solutions Inc. bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth approximately $33,000. SRS Capital Advisors Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF by 444.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock worth $41,000 after acquiring an additional 654 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of iShares Floating Rate Bond ETF by 64.2% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock worth $71,000 after acquiring an additional 550 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth approximately $73,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of iShares Floating Rate Bond ETF stock traded down $0.23 on Monday, reaching $50.87. 1,306,766 shares of the stock were exchanged. The firm’s 50 day moving average is $51.00 and its 200-day moving average is $50.90. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be paid a $0.2494 dividend. The ex-dividend date of this dividend is Monday, July 1st.

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.