Toews Corp ADV Makes New Investment in iShares Floating Rate Bond ETF (BATS:FLOT)

Toews Corp ADV acquired a new position in iShares Floating Rate Bond ETF (BATS:FLOT) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 127,000 shares of the company’s stock, valued at approximately $6,485,000. iShares Floating Rate Bond ETF comprises approximately 1.1% of Toews Corp ADV’s investment portfolio, making the stock its 8th largest holding.

Other institutional investors have also made changes to their positions in the company. SouthState Corp purchased a new position in iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $32,000. Planned Solutions Inc. purchased a new position in iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $33,000. SRS Capital Advisors Inc. grew its position in iShares Floating Rate Bond ETF by 444.9% during 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 in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its position in iShares Floating Rate Bond ETF by 64.2% during 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 purchasing an additional 550 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $73,000.

iShares Floating Rate Bond ETF Price Performance

BATS FLOT traded up $0.02 during trading on Tuesday, reaching $50.88. The company’s stock had a trading volume of 883,268 shares. The business 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 has a 1-year low of $50.76 and a 1-year high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

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

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.