Focus Financial Network Inc. Raises Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Posted by Casey Walker on Feb 14th, 2025

Focus Financial Network Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 14.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,209 shares of the company’s stock after purchasing an additional 901 shares during the period. Focus Financial Network Inc.’s holdings in iShares Floating Rate Bond ETF were worth $367,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Logan Capital Management Inc. purchased a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth $25,000. Darwin Wealth Management LLC purchased a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth $27,000. Eastern Bank purchased a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth $41,000. Bull Oak Capital LLC purchased a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth $115,000. Finally, Northstar Advisory Group LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at about $204,000.

iShares Floating Rate Bond ETF Stock Down 0.0 %

Shares of BATS:FLOT opened at $50.98 on Friday. The firm’s 50-day simple moving average is $50.94 and its 200-day simple moving average is $50.94. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The company 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 was Monday, February 3rd.

About iShares Floating Rate Bond ETF

(Free Report)

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.