iShares Floating Rate Bond ETF (BATS:FLOT) Shares Purchased by Focus Financial Network Inc.

Focus Financial Network Inc. lifted its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 14.3% in the 4th quarter, Holdings Channel reports. The firm owned 7,209 shares of the company’s stock after purchasing an additional 901 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares Floating Rate Bond ETF were worth $367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FLOT. Logan Capital Management Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF in the third quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the third quarter valued at about $27,000. Eastern Bank acquired a new stake in shares of iShares Floating Rate Bond ETF in the third quarter valued at about $41,000. Bull Oak Capital LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the third quarter valued at about $115,000. Finally, Northstar Advisory Group LLC acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter worth about $204,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $50.98 on Friday. The company has a 50-day moving average of $50.94 and a two-hundred day moving average of $50.94. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders 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 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.