Narus Financial Partners LLC Buys Shares of 5,773 iShares Floating Rate Bond ETF (BATS:FLOT)

Narus Financial Partners LLC bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,773 shares of the company’s stock, valued at approximately $295,000.

A number of other institutional investors also recently added to or reduced their stakes in FLOT. US Financial Advisors LLC grew its position in iShares Floating Rate Bond ETF by 2.8% during the fourth quarter. US Financial Advisors LLC now owns 78,819 shares of the company’s stock worth $3,990,000 after buying an additional 2,128 shares during the period. Private Wealth Partners LLC raised its holdings in iShares Floating Rate Bond ETF by 15.4% during the fourth quarter. Private Wealth Partners LLC now owns 15,000 shares of the company’s stock worth $759,000 after purchasing an additional 2,000 shares during the last quarter. Sarasin & Partners LLP purchased a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth $1,012,000. Foundations Investment Advisors LLC grew its holdings in iShares Floating Rate Bond ETF by 14.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 8,451 shares of the company’s stock valued at $429,000 after purchasing an additional 1,051 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of iShares Floating Rate Bond ETF by 64.2% in the fourth 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 in the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0 %

Shares of BATS:FLOT traded up $0.02 during midday trading on Tuesday, hitting $50.86. 1,306,772 shares of the stock were exchanged. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The company has a 50 day moving average price of $51.00 and a 200-day moving average price of $50.90.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be given a $0.2494 dividend. The ex-dividend date is Monday, July 1st.

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.