Truist Financial Corp Has $52.42 Million Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Truist Financial Corp boosted its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 16.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,030,346 shares of the company’s stock after buying an additional 148,673 shares during the period. Truist Financial Corp owned approximately 0.72% of iShares Floating Rate Bond ETF worth $52,424,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Logan Capital Management Inc. acquired a new position in shares of iShares Floating Rate Bond ETF during the third quarter valued at about $25,000. Darwin Wealth Management LLC bought a new position in iShares Floating Rate Bond ETF in the 3rd quarter valued at about $27,000. Eastern Bank acquired a new position in iShares Floating Rate Bond ETF during the 3rd quarter valued at about $41,000. MidAtlantic Capital Management Inc. bought a new stake in iShares Floating Rate Bond ETF during the 4th quarter worth approximately $100,000. Finally, Bull Oak Capital LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the third quarter worth approximately $115,000.

iShares Floating Rate Bond ETF Stock Up 0.0 %

Shares of BATS:FLOT opened at $51.01 on Tuesday. The business’s 50 day moving average is $50.94 and its 200 day moving average is $50.94. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2021 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.