iShares Floating Rate Bond ETF (BATS:FLOT – Get Free Report) declared a dividend on Thursday, March 28th, NASDAQ reports. Shareholders of record on Tuesday, April 2nd will be paid a dividend of 0.2559 per share on Friday, April 5th. The ex-dividend date is Monday, April 1st. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25.
iShares Floating Rate Bond ETF Price Performance
BATS FLOT traded down $0.02 during mid-day trading on Friday, reaching $51.06. 3,267,822 shares of the stock were exchanged. The stock has a 50 day simple moving average of $50.92 and a 200-day simple moving average of $50.79. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10.
Institutional Investors Weigh In On iShares Floating Rate Bond ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL bought a new stake in iShares Floating Rate Bond ETF during the first quarter valued at approximately $26,000. Stonebridge Capital Advisors LLC bought a new stake in iShares Floating Rate Bond ETF in the 1st quarter worth approximately $32,000. Retirement Group LLC raised its stake in shares of iShares Floating Rate Bond ETF by 122.1% during the second quarter. Retirement Group LLC now owns 682 shares of the company’s stock worth $35,000 after acquiring an additional 375 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the 2nd quarter valued at $65,000. Finally, Advisors Asset Management Inc. bought a new position in shares of iShares Floating Rate Bond ETF during the 1st quarter valued at $76,000.
About iShares Floating Rate Bond ETF
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.
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