iShares Floating Rate Bond ETF (BATS:FLOT) Sets New 1-Year High at $51.11

iShares Floating Rate Bond ETF (BATS:FLOT) reached a new 52-week high during trading on Monday . The company traded as high as $51.11 and last traded at $51.09, with a volume of 2410601 shares traded. The stock had previously closed at $51.07.

iShares Floating Rate Bond ETF Trading Up 0.0 %

The stock has a fifty day moving average of $51.00 and a two-hundred day moving average of $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were paid a $0.2494 dividend. The ex-dividend date of this dividend was Monday, July 1st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. lifted its position in shares of iShares Floating Rate Bond ETF by 7.8% during the fourth quarter. Pinnacle Associates Ltd. now owns 22,905 shares of the company’s stock worth $1,159,000 after purchasing an additional 1,657 shares in the last quarter. PFG Advisors lifted its holdings in iShares Floating Rate Bond ETF by 50.6% during the 4th quarter. PFG Advisors now owns 37,629 shares of the company’s stock worth $1,905,000 after buying an additional 12,648 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in iShares Floating Rate Bond ETF by 6.2% in the 4th quarter. Miracle Mile Advisors LLC now owns 73,015 shares of the company’s stock valued at $3,696,000 after buying an additional 4,287 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its stake in shares of iShares Floating Rate Bond ETF by 8.7% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 70,253 shares of the company’s stock valued at $3,556,000 after buying an additional 5,641 shares during the period. Finally, Clarus Wealth Advisors bought a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth $272,000.

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.