Farmers & Merchants Trust Co of Chambersburg PA Has $295,000 Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 38.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,801 shares of the company’s stock after acquiring an additional 1,620 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in iShares Floating Rate Bond ETF were worth $295,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FLOT. Concourse Financial Group Securities Inc. lifted its position in shares of iShares Floating Rate Bond ETF by 11.8% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 8,566 shares of the company’s stock worth $437,000 after purchasing an additional 907 shares during the last quarter. PFG Advisors lifted its position in shares of iShares Floating Rate Bond ETF by 3.0% during the 3rd quarter. PFG Advisors now owns 45,728 shares of the company’s stock worth $2,334,000 after purchasing an additional 1,334 shares during the last quarter. Good Life Advisors LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth about $276,000. Greenup Street Wealth Management LLC increased its stake in iShares Floating Rate Bond ETF by 9.7% during the third quarter. Greenup Street Wealth Management LLC now owns 17,912 shares of the company’s stock valued at $914,000 after acquiring an additional 1,579 shares during the period. Finally, Bleakley Financial Group LLC bought a new position in iShares Floating Rate Bond ETF during the third quarter valued at about $3,104,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $50.98 on Friday. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10. The stock’s 50-day moving average price is $50.94 and its 200 day moving average price is $50.94.

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 paid a dividend of $0.2021 per share. The ex-dividend date of this dividend was 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.