Park Place Capital Corp Has $212,000 Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Park Place Capital Corp decreased its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 8.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,155 shares of the company’s stock after selling 400 shares during the period. Park Place Capital Corp’s holdings in iShares Floating Rate Bond ETF were worth $212,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Miracle Mile Advisors LLC raised its position in shares of iShares Floating Rate Bond ETF by 2.7% during the first quarter. Miracle Mile Advisors LLC now owns 75,006 shares of the company’s stock valued at $3,830,000 after buying an additional 1,991 shares during the last quarter. SteelPeak Wealth LLC raised its position in shares of iShares Floating Rate Bond ETF by 19.5% during the first quarter. SteelPeak Wealth LLC now owns 6,085 shares of the company’s stock valued at $311,000 after buying an additional 993 shares during the last quarter. Breakwater Capital Group raised its position in shares of iShares Floating Rate Bond ETF by 2.3% during the first quarter. Breakwater Capital Group now owns 14,189 shares of the company’s stock valued at $724,000 after buying an additional 320 shares during the last quarter. Founders Financial Securities LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the first quarter valued at about $222,000. Finally, Guidance Capital Inc. raised its position in iShares Floating Rate Bond ETF by 22.7% in the first quarter. Guidance Capital Inc. now owns 84,716 shares of the company’s stock worth $4,317,000 after purchasing an additional 15,653 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT traded down $0.23 during mid-day trading on Monday, hitting $50.87. The company’s stock had a trading volume of 1,306,766 shares. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10. The stock has a fifty day moving average of $51.00 and a 200-day moving average of $50.90.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be given a $0.2494 dividend. The ex-dividend date is Monday, July 1st.

iShares Floating Rate Bond ETF Profile

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.