Apollon Wealth Management LLC Increases Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Apollon Wealth Management LLC boosted its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 826.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 177,171 shares of the company’s stock after purchasing an additional 158,038 shares during the period. Apollon Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $9,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of FLOT. Logan Capital Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the third quarter valued at about $27,000. Darwin Wealth Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the third quarter valued at approximately $27,000. Eastern Bank purchased a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth about $41,000. Finally, Bull Oak Capital LLC bought a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $115,000.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $50.96 on Friday. The company’s 50-day simple moving average is $50.94 and its 200 day simple moving average is $50.95. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a dividend of $0.2021 per share. The ex-dividend date was Monday, February 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.