Bryn Mawr Capital Management LLC Increases Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Bryn Mawr Capital Management LLC increased its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 40.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,705 shares of the company’s stock after buying an additional 4,782 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $846,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Private Trust Co. NA raised its stake in iShares Floating Rate Bond ETF by 17.5% during the 3rd quarter. Private Trust Co. NA now owns 4,899 shares of the company’s stock worth $249,000 after acquiring an additional 729 shares during the period. Commonwealth Equity Services LLC raised its stake in iShares Floating Rate Bond ETF by 2.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 342,754 shares of the company’s stock worth $17,443,000 after acquiring an additional 6,841 shares during the period. Sheets Smith Wealth Management bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $76,000. Raymond James & Associates raised its stake in iShares Floating Rate Bond ETF by 8.4% during the 3rd quarter. Raymond James & Associates now owns 415,944 shares of the company’s stock worth $21,167,000 after acquiring an additional 32,326 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its stake in iShares Floating Rate Bond ETF by 2.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 421,033 shares of the company’s stock worth $21,426,000 after acquiring an additional 9,936 shares during the period.

iShares Floating Rate Bond ETF Trading Down 0.0 %

iShares Floating Rate Bond ETF stock opened at $51.04 on Friday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The firm’s 50 day moving average price is $50.96 and its 200-day moving average price is $50.81.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.2559 per share. The ex-dividend date was Monday, April 1st. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.