Penobscot Investment Management Company Inc. Purchases 20,331 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Penobscot Investment Management Company Inc. boosted its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 21.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 115,002 shares of the company’s stock after purchasing an additional 20,331 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares Floating Rate Bond ETF were worth $5,851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blueprint Investment Partners LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter worth about $824,000. Principal Financial Group Inc. raised its position in iShares Floating Rate Bond ETF by 61.8% in the fourth quarter. Principal Financial Group Inc. now owns 32,850 shares of the company’s stock worth $1,671,000 after acquiring an additional 12,550 shares during the period. Jones Financial Companies Lllp raised its position in iShares Floating Rate Bond ETF by 93.4% in the fourth quarter. Jones Financial Companies Lllp now owns 19,228 shares of the company’s stock worth $978,000 after acquiring an additional 9,287 shares during the period. JPMorgan Chase & Co. grew its position in shares of iShares Floating Rate Bond ETF by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock valued at $35,489,000 after acquiring an additional 91,686 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of iShares Floating Rate Bond ETF by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,002 shares of the company’s stock valued at $1,276,000 after acquiring an additional 502 shares during the period.

iShares Floating Rate Bond ETF Stock Up 0.1 %

BATS:FLOT opened at $51.04 on Wednesday. iShares Floating Rate Bond ETF has a 12 month low of $50.28 and a 12 month high of $51.16. The firm’s 50 day moving average is $51.00 and its 200 day moving average is $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.1912 dividend. The ex-dividend date of this dividend was Monday, March 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.