Mcmorgan & Co. LLC Grows Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Mcmorgan & Co. LLC increased its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 145.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 700,442 shares of the company’s stock after buying an additional 415,172 shares during the quarter. iShares Floating Rate Bond ETF comprises about 5.5% of Mcmorgan & Co. LLC’s portfolio, making the stock its 6th largest holding. Mcmorgan & Co. LLC’s holdings in iShares Floating Rate Bond ETF were worth $35,639,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the business. Logan Capital Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF during the third quarter valued at $25,000. Headlands Technologies LLC bought a new position in iShares Floating Rate Bond ETF in the 4th quarter worth about $57,000. Boyd Watterson Asset Management LLC OH grew its stake in iShares Floating Rate Bond ETF by 227.5% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock worth $71,000 after acquiring an additional 967 shares in the last quarter. Sanctuary Wealth Management L.L.C. increased its position in shares of iShares Floating Rate Bond ETF by 20.0% during the fourth quarter. Sanctuary Wealth Management L.L.C. now owns 1,598 shares of the company’s stock worth $81,000 after acquiring an additional 266 shares during the period. Finally, Front Row Advisors LLC raised its stake in shares of iShares Floating Rate Bond ETF by 14.1% during the fourth quarter. Front Row Advisors LLC now owns 1,614 shares of the company’s stock valued at $82,000 after acquiring an additional 200 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $50.76 on Friday. The business’s 50 day moving average is $50.85 and its 200 day moving average is $50.92. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.1912 dividend. The ex-dividend date of this dividend was Monday, March 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.