52,436 Shares in iShares Floating Rate Bond ETF (BATS:FLOT) Acquired by Turning Point Benefit Group Inc.

Turning Point Benefit Group Inc. acquired a new position in iShares Floating Rate Bond ETF (BATS:FLOT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 52,436 shares of the company’s stock, valued at approximately $2,673,000. iShares Floating Rate Bond ETF accounts for 2.5% of Turning Point Benefit Group Inc.’s portfolio, making the stock its 7th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Logan Capital Management Inc. purchased a new position in shares of iShares Floating Rate Bond ETF during the third quarter worth $25,000. Darwin Wealth Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the third quarter worth $27,000. Eastern Bank purchased a new position in shares of iShares Floating Rate Bond ETF during the third quarter worth $41,000. Boyd Watterson Asset Management LLC OH boosted its position in shares of 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 buying an additional 967 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter worth $100,000.

iShares Floating Rate Bond ETF Trading Up 0.1 %

Shares of BATS FLOT opened at $51.05 on Friday. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10. The business’s fifty day simple moving average is $50.95 and its 200-day simple moving average is $50.94.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a $0.2021 dividend. The ex-dividend date of this dividend was Monday, February 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.