iShares Floating Rate Bond ETF (BATS:FLOT) Sets New 1-Year High at $51.10

Shares of iShares Floating Rate Bond ETF (BATS:FLOT) reached a new 52-week high during trading on Thursday . The company traded as high as $51.10 and last traded at $51.09, with a volume of 588951 shares traded. The stock had previously closed at $51.08.

iShares Floating Rate Bond ETF Stock Performance

The business’s 50 day moving average price is $51.00 and its 200 day moving average price is $50.89.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.2589 per share. The ex-dividend date of this dividend was Monday, June 3rd. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.26.

Institutional Investors Weigh In On iShares Floating Rate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SouthState Corp purchased a new position in iShares Floating Rate Bond ETF during the fourth quarter worth approximately $32,000. Planned Solutions Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth about $33,000. Pineridge Advisors LLC raised its stake in shares of iShares Floating Rate Bond ETF by 172.0% in the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after acquiring an additional 430 shares during the period. SRS Capital Advisors Inc. raised its position in iShares Floating Rate Bond ETF by 444.9% in 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 during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of iShares Floating Rate Bond ETF by 64.2% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after buying an additional 550 shares during the period.

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.