iShares Floating Rate Bond ETF (BATS:FLOT) Hits New 52-Week Low at $50.74

Shares of iShares Floating Rate Bond ETF (BATS:FLOT) hit a new 52-week low on Friday . The stock traded as low as $50.74 and last traded at $50.76, with a volume of 2015091 shares. The stock had previously closed at $50.85.

iShares Floating Rate Bond ETF Stock Down 0.2 %

The business has a fifty day simple moving average of $51.00 and a 200-day simple moving average of $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were paid a $0.2494 dividend. The ex-dividend date was Monday, July 1st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Northern Trust Corp increased its stake in shares of iShares Floating Rate Bond ETF by 17.3% during the fourth quarter. Northern Trust Corp now owns 4,310,607 shares of the company’s stock valued at $218,203,000 after purchasing an additional 636,112 shares in the last quarter. Assetmark Inc. increased its position in iShares Floating Rate Bond ETF by 11.9% during the 4th quarter. Assetmark Inc. now owns 2,435,420 shares of the company’s stock valued at $123,281,000 after buying an additional 258,033 shares in the last quarter. Scarborough Advisors LLC boosted its holdings in iShares Floating Rate Bond ETF by 1,437.5% in the fourth quarter. Scarborough Advisors LLC now owns 1,299,349 shares of the company’s stock worth $65,773,000 after acquiring an additional 1,214,838 shares in the last quarter. Haverford Trust Co grew its stake in shares of iShares Floating Rate Bond ETF by 5.3% in the first quarter. Haverford Trust Co now owns 1,186,233 shares of the company’s stock worth $60,569,000 after acquiring an additional 59,769 shares during the last quarter. Finally, TRUE Private Wealth Advisors increased its holdings in shares of iShares Floating Rate Bond ETF by 39.6% during the second quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock valued at $58,254,000 after acquiring an additional 323,386 shares in the last quarter.

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.