iShares Floating Rate Bond ETF (BATS:FLOT) Shares Bought by Patten Group Inc.

Patten Group Inc. grew its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 54.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,912 shares of the company’s stock after purchasing an additional 3,854 shares during the quarter. Patten Group Inc.’s holdings in iShares Floating Rate Bond ETF were worth $555,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Logan Capital Management Inc. acquired a new position in shares of iShares Floating Rate Bond ETF in the third quarter worth about $25,000. Darwin Wealth Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the third quarter worth about $27,000. Boyd Watterson Asset Management LLC OH lifted its stake in shares of 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 worth $71,000 after acquiring an additional 967 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter worth about $100,000. Finally, Marshall Investment Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter worth about $117,000.

iShares Floating Rate Bond ETF Trading Down 0.2 %

BATS:FLOT opened at $50.88 on Wednesday. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10. The business’s 50-day simple moving average is $50.98 and its 200 day simple moving average is $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.1912 per share. The ex-dividend date of this dividend is 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.