Eldridge Investment Advisors Inc. Has $1.32 Million Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Eldridge Investment Advisors Inc. raised its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 96.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,138 shares of the company’s stock after purchasing an additional 12,813 shares during the period. Eldridge Investment Advisors Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,323,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Planned Solutions Inc. bought a new position in iShares Floating Rate Bond ETF during the fourth quarter worth $33,000. First Horizon Advisors Inc. increased its position in iShares Floating Rate Bond ETF by 195.5% during the third quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock worth $33,000 after acquiring an additional 434 shares during the period. SRS Capital Advisors Inc. increased its position in iShares Floating Rate Bond ETF by 444.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock worth $41,000 after acquiring an additional 654 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its position in iShares Floating Rate Bond ETF by 64.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock worth $71,000 after acquiring an additional 550 shares during the period. Finally, Hexagon Capital Partners LLC boosted its stake in iShares Floating Rate Bond ETF by 590.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 2,300 shares of the company’s stock worth $116,000 after buying an additional 1,967 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.1 %

FLOT traded up $0.03 during trading on Thursday, reaching $50.88. 1,458,189 shares of the company’s stock were exchanged. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10. The business has a 50 day moving average price of $50.96 and a 200 day moving average price of $50.82.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.2559 per share. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.