Financial Sense Advisors Inc. Takes Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Financial Sense Advisors Inc. bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 82,886 shares of the company’s stock, valued at approximately $4,217,000. iShares Floating Rate Bond ETF comprises approximately 1.4% of Financial Sense Advisors Inc.’s portfolio, making the stock its 17th biggest position.

A number of other large investors also recently added to or reduced their stakes in FLOT. Franklin Resources Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 31.0% during the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock worth $240,430,000 after buying an additional 1,118,243 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in iShares Floating Rate Bond ETF by 15.6% during the 4th quarter. DAVENPORT & Co LLC now owns 1,284,553 shares of the company’s stock worth $65,358,000 after acquiring an additional 172,943 shares during the period. Haverford Trust Co raised its position in shares of iShares Floating Rate Bond ETF by 1.4% during the 3rd quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock valued at $59,608,000 after acquiring an additional 16,112 shares during the last quarter. Truist Financial Corp lifted its stake in shares of iShares Floating Rate Bond ETF by 16.9% in the 4th quarter. Truist Financial Corp now owns 1,030,346 shares of the company’s stock valued at $52,424,000 after purchasing an additional 148,673 shares during the period. Finally, Demars Financial Group LLC boosted its position in shares of iShares Floating Rate Bond ETF by 0.9% in the 3rd quarter. Demars Financial Group LLC now owns 743,108 shares of the company’s stock worth $37,928,000 after purchasing an additional 6,805 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.1 %

BATS FLOT opened at $51.04 on Thursday. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The stock has a 50-day simple moving average of $50.95 and a 200 day simple moving average of $50.94.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a $0.2021 dividend. The ex-dividend date of this dividend was Monday, February 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.