Eldridge Investment Advisors Inc. Grows Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Eldridge Investment Advisors Inc. raised its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,040 shares of the company’s stock after purchasing an additional 973 shares during the quarter. Eldridge Investment Advisors Inc.’s holdings in iShares Floating Rate Bond ETF were worth $2,750,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Logan Capital Management Inc. acquired a new position in iShares Floating Rate Bond ETF in the third quarter valued at $25,000. Darwin Wealth Management LLC purchased a new position in iShares Floating Rate Bond ETF in the third quarter valued at about $27,000. Boyd Watterson Asset Management LLC OH increased its holdings in iShares Floating Rate Bond ETF by 227.5% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock valued at $71,000 after buying an additional 967 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in iShares Floating Rate Bond ETF in the fourth quarter valued at about $100,000. Finally, Marshall Investment Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter worth approximately $117,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of iShares Floating Rate Bond ETF stock opened at $50.96 on Friday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The business has a 50 day moving average price of $50.99 and a 200 day moving average price of $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently disclosed 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.

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.