Flagstar Advisors Inc. Grows Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Flagstar Advisors Inc. increased its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,766 shares of the company’s stock after purchasing an additional 459 shares during the period. Flagstar Advisors Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,158,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FLOT. Global Retirement Partners LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 9.3% during the 4th quarter. Global Retirement Partners LLC now owns 41,251 shares of the company’s stock worth $2,099,000 after acquiring an additional 3,524 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in shares of iShares Floating Rate Bond ETF by 195.4% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 31,989 shares of the company’s stock valued at $1,628,000 after purchasing an additional 21,159 shares in the last quarter. Truist Financial Corp lifted its stake in iShares Floating Rate Bond ETF by 16.9% in the fourth quarter. Truist Financial Corp now owns 1,030,346 shares of the company’s stock worth $52,424,000 after purchasing an additional 148,673 shares during the last quarter. Ifrah Financial Services Inc. grew its position in iShares Floating Rate Bond ETF by 2.0% during the 4th quarter. Ifrah Financial Services Inc. now owns 218,873 shares of the company’s stock worth $11,136,000 after acquiring an additional 4,390 shares during the last quarter. Finally, NTV Asset Management LLC boosted its position in iShares Floating Rate Bond ETF by 1.3% during the 4th quarter. NTV Asset Management LLC now owns 28,706 shares of the company’s stock valued at $1,461,000 after buying an additional 382 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT opened at $51.02 on Wednesday. The stock’s 50-day moving average is $50.95 and its 200 day moving average is $50.94. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

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

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.