Argus Investors Counsel Inc. Increases Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Argus Investors Counsel Inc. increased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,677 shares of the company’s stock after buying an additional 1,070 shares during the period. Argus Investors Counsel Inc.’s holdings in iShares Floating Rate Bond ETF were worth $543,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Continental Investors Services Inc. grew its stake in shares of iShares Floating Rate Bond ETF by 2.6% in the 3rd quarter. Continental Investors Services Inc. now owns 7,884 shares of the company’s stock worth $401,000 after buying an additional 202 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of iShares Floating Rate Bond ETF by 1.5% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 14,350 shares of the company’s stock worth $732,000 after purchasing an additional 214 shares during the period. Y.D. More Investments Ltd grew its holdings in iShares Floating Rate Bond ETF by 1.2% during the 4th quarter. Y.D. More Investments Ltd now owns 21,150 shares of the company’s stock valued at $1,076,000 after purchasing an additional 250 shares during the last quarter. Western Financial Corp CA boosted its position in shares of iShares Floating Rate Bond ETF by 1.9% during the third quarter. Western Financial Corp CA now owns 13,592 shares of the company’s stock valued at $694,000 after buying an additional 256 shares during the period. Finally, Flagstar Advisors Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 1.4% in the third quarter. Flagstar Advisors Inc. now owns 22,307 shares of the company’s stock worth $1,139,000 after buying an additional 315 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

FLOT opened at $50.94 on Thursday. The business has a fifty day moving average of $50.94 and a 200 day moving average of $50.95. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be paid a $0.2021 dividend. The ex-dividend date is 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.