Sierra Capital LLC Buys 69,599 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Sierra Capital LLC lifted its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 66.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 173,747 shares of the company’s stock after purchasing an additional 69,599 shares during the period. iShares Floating Rate Bond ETF accounts for 1.0% of Sierra Capital LLC’s portfolio, making the stock its 27th largest position. Sierra Capital LLC’s holdings in iShares Floating Rate Bond ETF were worth $8,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Logan Capital Management Inc. bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth about $25,000. Darwin Wealth Management LLC bought a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at about $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. bought a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth approximately $100,000. Finally, Marshall Investment Management LLC acquired a new position in iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $117,000.

iShares Floating Rate Bond ETF Trading Up 0.1 %

Shares of iShares Floating Rate Bond ETF stock opened at $51.06 on Tuesday. The firm has a fifty day moving average of $50.95 and a two-hundred day moving average of $50.95. 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 business also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.2021 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

iShares Floating Rate Bond ETF 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.