StoneX Group Inc. Makes New Investment in iShares Floating Rate Bond ETF (BATS:FLOT)

StoneX Group Inc. acquired a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,251 shares of the company’s stock, valued at approximately $572,000.

Other hedge funds have also added to or reduced their stakes in the company. Logan Capital Management Inc. bought a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $25,000. Boyd Watterson Asset Management LLC OH lifted its stake in iShares Floating Rate Bond ETF by 227.5% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock worth $71,000 after purchasing an additional 967 shares during the last quarter. Sanctuary Wealth Management L.L.C. boosted its holdings in shares of iShares Floating Rate Bond ETF by 20.0% in the 4th quarter. Sanctuary Wealth Management L.L.C. now owns 1,598 shares of the company’s stock valued at $81,000 after purchasing an additional 266 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at $100,000. Finally, Marshall Investment Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter worth $117,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock opened at $50.88 on Thursday. iShares Floating Rate Bond ETF has a twelve month low of $50.28 and a twelve month high of $51.16. The business has a fifty day simple moving average of $50.99 and a 200 day simple moving average of $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.1912 dividend. 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.