Black Swift Group LLC Invests $246,000 in iShares Floating Rate Bond ETF (BATS:FLOT)

Black Swift Group LLC purchased a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,825 shares of the company’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FLOT. Moisand Fitzgerald Tamayo LLC acquired a new stake in iShares Floating Rate Bond ETF in the 3rd quarter worth about $27,000. Pineridge Advisors LLC lifted its holdings in iShares Floating Rate Bond ETF by 172.0% in the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 430 shares in the last quarter. Eastern Bank acquired a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth $41,000. Opal Wealth Advisors LLC acquired a new stake in iShares Floating Rate Bond ETF during the 2nd quarter worth $50,000. Finally, LRI Investments LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the first quarter worth $82,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT traded up $0.02 during midday trading on Thursday, hitting $50.96. The company’s stock had a trading volume of 1,035,570 shares. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10. The business’s 50 day simple moving average is $50.94 and its 200 day simple moving average is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

iShares Floating Rate Bond ETF Company 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.