iShares Floating Rate Bond ETF (BATS:FLOT) Stock Position Increased by Mcmorgan & Co. LLC

Mcmorgan & Co. LLC grew its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 145.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 700,442 shares of the company’s stock after purchasing an additional 415,172 shares during the period. iShares Floating Rate Bond ETF makes up approximately 5.5% of Mcmorgan & Co. LLC’s investment portfolio, making the stock its 6th biggest position. Mcmorgan & Co. LLC owned 0.49% of iShares Floating Rate Bond ETF worth $35,639,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FLOT. Demars Financial Group LLC increased its stake in iShares Floating Rate Bond ETF by 5,019.0% in the 4th quarter. Demars Financial Group LLC now owns 38,039,428 shares of the company’s stock worth $1,935,446,000 after acquiring an additional 37,296,320 shares during the last quarter. Franklin Resources Inc. raised its stake in iShares Floating Rate Bond ETF by 31.0% during the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock valued at $240,430,000 after purchasing an additional 1,118,243 shares in the last quarter. Proficio Capital Partners LLC raised its stake in iShares Floating Rate Bond ETF by 2,108.2% during the fourth quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock valued at $231,716,000 after purchasing an additional 4,347,920 shares in the last quarter. LPL Financial LLC lifted its position in iShares Floating Rate Bond ETF by 4.4% during the fourth quarter. LPL Financial LLC now owns 3,555,532 shares of the company’s stock valued at $180,905,000 after purchasing an additional 149,228 shares during the last quarter. Finally, New York Life Investment Management LLC grew its stake in shares of iShares Floating Rate Bond ETF by 12.8% in the 4th quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock worth $155,445,000 after buying an additional 347,836 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT opened at $50.76 on Friday. iShares Floating Rate Bond ETF has a 12-month low of $49.75 and a 12-month high of $51.34. The firm’s 50-day moving average price is $50.85 and its 200-day moving average price is $50.92.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently disclosed 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.

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.