Argus Investors Counsel Inc. Acquires 1,070 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Argus Investors Counsel Inc. boosted its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,677 shares of the company’s stock after buying an additional 1,070 shares during the quarter. Argus Investors Counsel Inc.’s holdings in iShares Floating Rate Bond ETF were worth $543,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FLOT. Continental Investors Services Inc. increased 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 acquiring an additional 202 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in shares of iShares Floating Rate Bond ETF by 1.5% during the 3rd 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 during the period. Y.D. More Investments Ltd increased its position in shares of iShares Floating Rate Bond ETF by 1.2% during the 4th quarter. Y.D. More Investments Ltd now owns 21,150 shares of the company’s stock valued at $1,076,000 after purchasing an additional 250 shares during the last quarter. Western Financial Corp CA lifted its stake in shares of iShares Floating Rate Bond ETF by 1.9% in the 3rd quarter. Western Financial Corp CA now owns 13,592 shares of the company’s stock worth $694,000 after purchasing an additional 256 shares during the period. Finally, Flagstar Advisors Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF by 1.4% in the third quarter. Flagstar Advisors Inc. now owns 22,307 shares of the company’s stock worth $1,139,000 after buying an additional 315 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $50.94 on Thursday. The stock has a 50-day simple moving average of $50.94 and a two-hundred day simple moving average of $50.95. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

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