Marshall Investment Management LLC Invests $117,000 in iShares Floating Rate Bond ETF (BATS:FLOT)

Marshall Investment Management LLC bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, Holdings Channel reports. The firm bought 2,289 shares of the company’s stock, valued at approximately $117,000.

A number of other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in iShares Floating Rate Bond ETF by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock worth $35,489,000 after acquiring an additional 91,686 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in iShares Floating Rate Bond ETF by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,002 shares of the company’s stock worth $1,276,000 after acquiring an additional 502 shares during the period. Kingsview Wealth Management LLC boosted its holdings in iShares Floating Rate Bond ETF by 55.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 47,146 shares of the company’s stock worth $2,399,000 after acquiring an additional 16,856 shares during the period. Sanctuary Advisors LLC boosted its holdings in iShares Floating Rate Bond ETF by 14.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 103,726 shares of the company’s stock worth $5,294,000 after acquiring an additional 12,859 shares during the period. Finally, Atria Investments Inc boosted its holdings in iShares Floating Rate Bond ETF by 65.0% in the 3rd quarter. Atria Investments Inc now owns 15,177 shares of the company’s stock worth $775,000 after acquiring an additional 5,979 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

BATS FLOT opened at $51.05 on Friday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10. The business has a 50 day moving average price of $50.95 and a two-hundred day moving average price of $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

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

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.