MidAtlantic Capital Management Inc. Purchases New Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

MidAtlantic Capital Management Inc. purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,968 shares of the company’s stock, valued at approximately $100,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its holdings 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 worth $240,430,000 after acquiring an additional 1,118,243 shares during the period. US Bancorp DE raised its position in iShares Floating Rate Bond ETF by 143.8% during the third quarter. US Bancorp DE now owns 624,945 shares of the company’s stock valued at $31,897,000 after purchasing an additional 368,596 shares in the last quarter. Hartline Investment Corp lifted its stake in iShares Floating Rate Bond ETF by 80.8% during the fourth quarter. Hartline Investment Corp now owns 721,221 shares of the company’s stock worth $36,696,000 after purchasing an additional 322,286 shares during the last quarter. Mutual Advisors LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 880.7% in the 4th quarter. Mutual Advisors LLC now owns 249,801 shares of the company’s stock valued at $12,740,000 after purchasing an additional 224,329 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in shares of iShares Floating Rate Bond ETF by 510.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 229,208 shares of the company’s stock valued at $11,699,000 after purchasing an additional 191,633 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

iShares Floating Rate Bond ETF stock opened at $50.98 on Friday. The stock has a fifty day moving average of $50.94 and a 200-day moving average of $50.94. 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 announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued 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.