Independent Advisor Alliance Makes New $3.46 Million Investment in iShares Floating Rate Bond ETF (BATS:FLOT)

Independent Advisor Alliance purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 67,930 shares of the company’s stock, valued at approximately $3,456,000.

Other institutional investors also recently modified their holdings of the company. Logan Capital Management Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $27,000. Boyd Watterson Asset Management LLC OH grew its position in shares of iShares Floating Rate Bond ETF by 227.5% during 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 during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth approximately $100,000. Finally, Marshall Investment Management LLC acquired a new stake 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 BATS FLOT opened at $50.95 on Thursday. The firm has a 50 day moving average price of $50.98 and a 200 day moving average price of $50.96. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.1912 per share. 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.