Carmel Capital Partners LLC Has $12.34 Million Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Carmel Capital Partners LLC raised its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 28.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 242,552 shares of the company’s stock after purchasing an additional 53,674 shares during the period. iShares Floating Rate Bond ETF accounts for approximately 5.0% of Carmel Capital Partners LLC’s investment portfolio, making the stock its 5th biggest position. Carmel Capital Partners LLC owned approximately 0.17% of iShares Floating Rate Bond ETF worth $12,341,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FLOT. Black Swift Group LLC grew its holdings in iShares Floating Rate Bond ETF by 143.9% during the 4th quarter. Black Swift Group LLC now owns 11,770 shares of the company’s stock worth $599,000 after acquiring an additional 6,945 shares during the period. Raymond James Financial Inc. acquired a new stake in iShares Floating Rate Bond ETF during the 4th quarter worth about $43,863,000. Cullen Frost Bankers Inc. grew its holdings in iShares Floating Rate Bond ETF by 26.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 2,680 shares of the company’s stock worth $136,000 after acquiring an additional 563 shares during the period. Proficio Capital Partners LLC grew its holdings in iShares Floating Rate Bond ETF by 10.1% during the 4th quarter. Proficio Capital Partners LLC now owns 227,023 shares of the company’s stock worth $11,551,000 after acquiring an additional 20,780 shares during the period. Finally, Atria Investments Inc grew its holdings in iShares Floating Rate Bond ETF by 53.7% during the 4th quarter. Atria Investments Inc now owns 23,326 shares of the company’s stock worth $1,187,000 after acquiring an additional 8,149 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $50.91 on Thursday. The stock has a 50-day moving average of $50.98 and a 200-day moving average of $50.96. 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 company also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be paid a $0.1912 dividend. The ex-dividend date of this dividend is Monday, March 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.