Park Place Capital Corp Has $102,000 Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Park Place Capital Corp reduced its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 51.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the company’s stock after selling 2,155 shares during the period. Park Place Capital Corp’s holdings in iShares Floating Rate Bond ETF were worth $102,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FLOT. SouthState Corp acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $32,000. Pineridge Advisors LLC raised its position in iShares Floating Rate Bond ETF by 172.0% during the first 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. SRS Capital Advisors Inc. raised its position in iShares Floating Rate Bond ETF by 444.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock valued at $41,000 after purchasing an additional 654 shares in the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $73,000. Finally, LRI Investments LLC acquired a new position in iShares Floating Rate Bond ETF during the first quarter valued at approximately $82,000.

iShares Floating Rate Bond ETF Stock Down 0.2 %

FLOT traded down $0.09 during trading on Friday, hitting $50.75. 2,023,573 shares of the stock traded hands. The business has a 50 day moving average price of $50.99 and a 200 day moving average price of $50.96. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

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