iShares Floating Rate Bond ETF (BATS:FLOT) Sets New 52-Week High at $51.10

Shares of iShares Floating Rate Bond ETF (BATS:FLOT) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $51.10 and last traded at $51.09, with a volume of 588951 shares trading hands. The stock had previously closed at $51.08.

iShares Floating Rate Bond ETF Price Performance

The business has a 50 day moving average of $51.01 and a 200-day moving average of $50.90.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were paid a $0.2589 dividend. The ex-dividend date was Monday, June 3rd. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.26.

Institutional Investors Weigh In On iShares Floating Rate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FLOT. Ameriprise Financial Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 156.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,959,885 shares of the company’s stock worth $150,676,000 after purchasing an additional 1,804,501 shares during the period. Scarborough Advisors LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 1,437.5% during the 4th quarter. Scarborough Advisors LLC now owns 1,299,349 shares of the company’s stock worth $65,773,000 after purchasing an additional 1,214,838 shares during the period. Cetera Investment Advisers lifted its stake in shares of iShares Floating Rate Bond ETF by 409.4% during the 1st quarter. Cetera Investment Advisers now owns 857,542 shares of the company’s stock worth $43,786,000 after purchasing an additional 689,212 shares during the period. Northern Trust Corp lifted its stake in shares of iShares Floating Rate Bond ETF by 17.3% during the 4th quarter. Northern Trust Corp now owns 4,310,607 shares of the company’s stock worth $218,203,000 after purchasing an additional 636,112 shares during the period. Finally, Apollon Wealth Management LLC raised its position in shares of iShares Floating Rate Bond ETF by 3,178.1% in the 4th quarter. Apollon Wealth Management LLC now owns 566,559 shares of the company’s stock worth $28,679,000 after buying an additional 549,276 shares during the period.

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.