Raymond James Financial Inc. Takes $43.86 Million Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Raymond James Financial Inc. acquired a new position in iShares Floating Rate Bond ETF (BATS:FLOT) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 862,087 shares of the company’s stock, valued at approximately $43,863,000.

A number of other institutional investors have also recently bought and sold shares of the business. Logan Capital Management Inc. acquired a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at about $25,000. Headlands Technologies LLC acquired a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at approximately $57,000. Boyd Watterson Asset Management LLC OH lifted its position in iShares Floating Rate Bond ETF by 227.5% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock worth $71,000 after buying an additional 967 shares in the last quarter. Sanctuary Wealth Management L.L.C. boosted its stake in shares of iShares Floating Rate Bond ETF by 20.0% during the 4th quarter. Sanctuary Wealth Management L.L.C. now owns 1,598 shares of the company’s stock valued at $81,000 after buying an additional 266 shares during the period. Finally, Front Row Advisors LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 14.1% during the 4th quarter. Front Row Advisors LLC now owns 1,614 shares of the company’s stock valued at $82,000 after acquiring an additional 200 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Down 1.0 %

Shares of BATS:FLOT opened at $50.49 on Tuesday. iShares Floating Rate Bond ETF has a 1 year low of $49.75 and a 1 year high of $51.34. The business has a fifty day simple moving average of $50.87 and a 200 day simple moving average of $50.92.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.1912 per share. The ex-dividend date of this dividend was Monday, March 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.