Cullen Frost Bankers Inc. Acquires 563 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Cullen Frost Bankers Inc. boosted its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 26.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,680 shares of the company’s stock after acquiring an additional 563 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in iShares Floating Rate Bond ETF were worth $136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FLOT. Proficio Capital Partners LLC increased its stake in iShares Floating Rate Bond ETF by 2,108.2% in the fourth quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock valued at $231,716,000 after acquiring an additional 4,347,920 shares during the last quarter. Franklin Resources Inc. increased its position in shares of iShares Floating Rate Bond ETF by 31.0% during the 3rd 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 during the last quarter. New York Life Investment Management LLC increased its position in shares of iShares Floating Rate Bond ETF by 12.8% during the 4th quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock valued at $155,445,000 after purchasing an additional 347,836 shares during the last quarter. Hartline Investment Corp raised its holdings in shares of iShares Floating Rate Bond ETF by 80.8% during the 4th quarter. Hartline Investment Corp now owns 721,221 shares of the company’s stock valued at $36,696,000 after buying an additional 322,286 shares in the last quarter. Finally, Mutual Advisors LLC boosted its stake in 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 worth $12,740,000 after buying an additional 224,329 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

FLOT stock opened at $50.96 on Monday. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10. The company’s 50 day moving average price is $50.98 and its two-hundred day moving average price is $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1912 per share. The ex-dividend date of this dividend was Monday, March 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.