Harbour Investments Inc. Boosts Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Harbour Investments Inc. lifted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 21.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,742 shares of the company’s stock after purchasing an additional 4,393 shares during the period. Harbour Investments Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,259,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FLOT. Logan Capital Management Inc. purchased a new stake in iShares Floating Rate Bond ETF in the third quarter worth about $25,000. Darwin Wealth Management LLC purchased a new stake in iShares Floating Rate Bond ETF in the third quarter worth about $27,000. Boyd Watterson Asset Management LLC OH lifted its holdings in iShares Floating Rate Bond ETF by 227.5% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock worth $71,000 after buying an additional 967 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in iShares Floating Rate Bond ETF in the fourth quarter worth about $100,000. Finally, Marshall Investment Management LLC purchased a new stake in iShares Floating Rate Bond ETF in the fourth quarter worth about $117,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $50.99 on Wednesday. iShares Floating Rate Bond ETF has a one year low of $50.28 and a one year high of $51.16. The company has a 50-day simple moving average of $50.99 and a two-hundred day simple moving average of $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1912 per share. 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.