5,693 Shares in iShares Floating Rate Bond ETF (BATS:FLOT) Acquired by Modern Wealth Management LLC

Modern Wealth Management LLC bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,693 shares of the company’s stock, valued at approximately $290,000.

A number of other large investors have also recently bought and sold shares of the stock. Logan Capital Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF in the third quarter valued at $25,000. Boyd Watterson Asset Management LLC OH lifted its holdings 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 valued at $71,000 after purchasing an additional 967 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth about $100,000. Marshall Investment Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth about $117,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of iShares Floating Rate Bond ETF by 26.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 2,680 shares of the company’s stock valued at $136,000 after buying an additional 563 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT opened at $51.04 on Friday. iShares Floating Rate Bond ETF has a 1 year low of $50.28 and a 1 year high of $51.16. The firm’s 50 day moving average price is $51.00 and its 200 day moving average price is $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued 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.