Lee Danner & Bass Inc. Buys Shares of 9,642 iShares Floating Rate Bond ETF (BATS:FLOT)

Lee Danner & Bass Inc. bought a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, Holdings Channel reports. The firm bought 9,642 shares of the company’s stock, valued at approximately $491,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Continental Investors Services Inc. raised its stake in iShares Floating Rate Bond ETF by 2.6% during the 3rd quarter. Continental Investors Services Inc. now owns 7,884 shares of the company’s stock valued at $401,000 after acquiring an additional 202 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in shares of iShares Floating Rate Bond ETF by 1.5% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 14,350 shares of the company’s stock worth $732,000 after buying an additional 214 shares in the last quarter. Y.D. More Investments Ltd raised its stake in shares of iShares Floating Rate Bond ETF by 1.2% in the 4th quarter. Y.D. More Investments Ltd now owns 21,150 shares of the company’s stock worth $1,076,000 after buying an additional 250 shares in the last quarter. Legacy Capital Wealth Partners LLC raised its stake in shares of iShares Floating Rate Bond ETF by 0.5% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 52,254 shares of the company’s stock worth $2,659,000 after buying an additional 255 shares in the last quarter. Finally, Flagstar Advisors Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 1.4% in the 3rd quarter. Flagstar Advisors Inc. now owns 22,307 shares of the company’s stock worth $1,139,000 after buying an additional 315 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $51.02 on Friday. iShares Floating Rate Bond ETF has a one year low of $50.28 and a one year high of $51.16. The stock’s fifty day moving average is $50.99 and its 200-day moving average is $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

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