Turning Point Benefit Group Inc. Buys Shares of 52,436 iShares Floating Rate Bond ETF (BATS:FLOT)

Turning Point Benefit Group Inc. purchased a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 52,436 shares of the company’s stock, valued at approximately $2,673,000. iShares Floating Rate Bond ETF makes up 2.5% of Turning Point Benefit Group Inc.’s investment portfolio, making the stock its 7th largest holding.

A number of other large investors have also made changes to their positions in FLOT. Franklin Resources Inc. grew its position in shares of iShares Floating Rate Bond ETF by 31.0% in the third 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 third quarter. US Bancorp DE now owns 624,945 shares of the company’s stock valued at $31,897,000 after purchasing an additional 368,596 shares in the last quarter. Hartline Investment Corp grew its position in shares of iShares Floating Rate Bond ETF by 80.8% in the fourth quarter. Hartline Investment Corp now owns 721,221 shares of the company’s stock valued at $36,696,000 after purchasing an additional 322,286 shares in the last quarter. Mutual Advisors LLC grew its position in shares of iShares Floating Rate Bond ETF by 880.7% in the fourth quarter. Mutual Advisors LLC now owns 249,801 shares of the company’s stock valued at $12,740,000 after purchasing an additional 224,329 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its position 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 worth $11,699,000 after acquiring an additional 191,633 shares during the period.

iShares Floating Rate Bond ETF Trading Up 0.1 %

Shares of iShares Floating Rate Bond ETF stock opened at $51.05 on Friday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10. The stock has a 50 day moving average of $50.95 and a 200 day moving average of $50.94.

iShares Floating Rate Bond ETF Cuts Dividend

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