Sherman Asset Management Inc. Purchases New Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Posted by Lisa Pomrenke on Mar 2nd, 2025

Sherman Asset Management Inc. purchased a new stake in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 5,924 shares of the company’s stock, valued at approximately $301,000.

Other hedge funds have also modified their holdings of the company. Logan Capital Management Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at approximately $27,000. Boyd Watterson Asset Management LLC OH raised its position 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 acquiring an additional 967 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in iShares Floating Rate Bond ETF during the 4th quarter worth approximately $100,000. Finally, Marshall Investment Management LLC bought a new stake in iShares Floating Rate Bond ETF during the 4th quarter worth approximately $117,000.

iShares Floating Rate Bond ETF Price Performance

BATS FLOT opened at $51.10 on Friday. The business has a 50 day simple moving average of $50.97 and a 200 day simple moving average 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 announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be paid a dividend of $0.1912 per share. The ex-dividend date is Monday, March 3rd.

iShares Floating Rate Bond ETF Company Profile

(Free Report)

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.