92,199 Shares in iShares Floating Rate Bond ETF (BATS:FLOT) Purchased by Portfolio Design Labs LLC

Portfolio Design Labs LLC acquired a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 92,199 shares of the company’s stock, valued at approximately $4,691,000. iShares Floating Rate Bond ETF comprises about 1.0% of Portfolio Design Labs LLC’s portfolio, making the stock its 23rd largest position. Portfolio Design Labs LLC owned approximately 0.06% of iShares Floating Rate Bond ETF at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Franklin Resources Inc. grew its holdings in shares of iShares Floating Rate Bond ETF by 31.0% in the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock valued at $240,430,000 after purchasing an additional 1,118,243 shares during the period. US Bancorp DE boosted its holdings in iShares Floating Rate Bond ETF by 143.8% in the 3rd quarter. US Bancorp DE now owns 624,945 shares of the company’s stock valued at $31,897,000 after purchasing an additional 368,596 shares during the last quarter. Hartline Investment Corp grew its stake in shares of iShares Floating Rate Bond ETF by 80.8% in the 4th quarter. Hartline Investment Corp now owns 721,221 shares of the company’s stock valued at $36,696,000 after buying an additional 322,286 shares during the period. Mutual Advisors LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 880.7% during the 4th quarter. Mutual Advisors LLC now owns 249,801 shares of the company’s stock worth $12,740,000 after buying an additional 224,329 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of iShares Floating Rate Bond ETF by 510.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 229,208 shares of the company’s stock valued at $11,699,000 after buying an additional 191,633 shares during the period.

iShares Floating Rate Bond ETF Trading Down 0.0 %

FLOT opened at $50.96 on Wednesday. The business’s 50 day moving average price is $50.94 and its 200 day moving average price is $50.94. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a $0.2021 dividend. The ex-dividend date was Monday, February 3rd.

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.