Napatree Capital LLC Invests $787,000 in iShares Floating Rate Bond ETF (BATS:FLOT)

Napatree Capital LLC acquired a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,468 shares of the company’s stock, valued at approximately $787,000.

A number of other large investors also recently modified their holdings of the business. Logan Capital Management Inc. bought a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at about $25,000. Boyd Watterson Asset Management LLC OH raised its holdings in shares of 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 valued at $71,000 after purchasing an additional 967 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at about $100,000. Marshall Investment Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at about $117,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 26.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 2,680 shares of the company’s stock valued at $136,000 after purchasing an additional 563 shares during the period.

iShares Floating Rate Bond ETF Price Performance

iShares Floating Rate Bond ETF stock opened at $51.02 on Friday. iShares Floating Rate Bond ETF has a twelve month low of $50.28 and a twelve month high of $51.16. The company’s 50-day moving average price is $50.99 and its two-hundred day moving average price is $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

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

iShares Floating Rate Bond ETF 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.