Union Savings Bank Acquires 1,510 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Union Savings Bank raised its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 5.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,587 shares of the company’s stock after acquiring an additional 1,510 shares during the quarter. iShares Floating Rate Bond ETF makes up 0.9% of Union Savings Bank’s holdings, making the stock its 21st largest holding. Union Savings Bank’s holdings in iShares Floating Rate Bond ETF were worth $1,599,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp grew its position in shares of iShares Floating Rate Bond ETF by 244.6% during the 3rd quarter. Fifth Third Bancorp now owns 3,381 shares of the company’s stock worth $172,000 after buying an additional 2,400 shares in the last quarter. SageView Advisory Group LLC grew its position in shares of iShares Floating Rate Bond ETF by 27.0% during the 3rd quarter. SageView Advisory Group LLC now owns 7,677 shares of the company’s stock worth $391,000 after buying an additional 1,632 shares in the last quarter. SteelPeak Wealth LLC grew its position in shares of iShares Floating Rate Bond ETF by 57.1% during the 3rd quarter. SteelPeak Wealth LLC now owns 12,985 shares of the company’s stock worth $661,000 after buying an additional 4,717 shares in the last quarter. Syon Capital LLC bought a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth $957,000. Finally, NBC Securities Inc. bought a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth $146,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT traded up $0.03 during midday trading on Wednesday, reaching $51.04. 762,233 shares of the stock were exchanged. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10. The company’s 50 day moving average is $50.97 and its two-hundred day moving average is $50.84.

iShares Floating Rate Bond ETF Increases Dividend

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