iShares Floating Rate Bond ETF (BATS:FLOT) Shares Purchased by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC increased its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 590.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,300 shares of the company’s stock after acquiring an additional 1,967 shares during the quarter. Hexagon Capital Partners LLC’s holdings in iShares Floating Rate Bond ETF were worth $116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its holdings in iShares Floating Rate Bond ETF by 195.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock worth $33,000 after buying an additional 434 shares during the last quarter. Planned Solutions Inc. purchased a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth approximately $33,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake 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 purchasing an additional 550 shares during the last quarter. NBC Securities Inc. acquired a new position in iShares Floating Rate Bond ETF in the third quarter valued at approximately $146,000. Finally, Fifth Third Bancorp increased its stake in iShares Floating Rate Bond ETF by 244.6% in the third quarter. Fifth Third Bancorp now owns 3,381 shares of the company’s stock valued at $172,000 after purchasing an additional 2,400 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $50.88 on Thursday. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10. The stock has a 50 day simple moving average of $50.96 and a 200-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 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.