Royal Fund Management LLC Takes Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Royal Fund Management LLC bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 176,841 shares of the company’s stock, valued at approximately $8,952,000. iShares Floating Rate Bond ETF makes up about 1.0% of Royal Fund Management LLC’s portfolio, making the stock its 16th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SouthState Corp purchased a new stake in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at about $32,000. First Horizon Advisors Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF by 195.5% in the third quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock valued at $33,000 after acquiring an additional 434 shares in the last quarter. Planned Solutions Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at about $33,000. SRS Capital Advisors Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF by 444.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock valued at $41,000 after acquiring an additional 654 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of iShares Floating Rate Bond ETF by 64.2% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after acquiring an additional 550 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.0 %

Shares of BATS FLOT traded up $0.02 during midday trading on Friday, hitting $50.90. The company had a trading volume of 942,290 shares. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The business has a 50-day simple moving average of $50.96 and a two-hundred day simple moving average of $50.82.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a $0.2559 dividend. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Monday, April 1st.

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.