New York Life Investment Management LLC Acquires 347,836 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

New York Life Investment Management LLC increased its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 12.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,055,129 shares of the company’s stock after acquiring an additional 347,836 shares during the period. iShares Floating Rate Bond ETF comprises about 1.5% of New York Life Investment Management LLC’s portfolio, making the stock its 12th biggest position. New York Life Investment Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $155,445,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. grew its position in iShares Floating Rate Bond ETF by 31.0% during the 3rd quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock worth $240,430,000 after acquiring an additional 1,118,243 shares during the last quarter. DAVENPORT & Co LLC grew its position in iShares Floating Rate Bond ETF by 15.6% during the 4th quarter. DAVENPORT & Co LLC now owns 1,284,553 shares of the company’s stock worth $65,358,000 after acquiring an additional 172,943 shares during the last quarter. Haverford Trust Co grew its position in iShares Floating Rate Bond ETF by 1.4% during the 3rd quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock worth $59,608,000 after acquiring an additional 16,112 shares during the last quarter. Truist Financial Corp grew its position in iShares Floating Rate Bond ETF by 16.9% during the 4th quarter. Truist Financial Corp now owns 1,030,346 shares of the company’s stock worth $52,424,000 after acquiring an additional 148,673 shares during the last quarter. Finally, Demars Financial Group LLC grew its position in iShares Floating Rate Bond ETF by 0.9% during the 3rd quarter. Demars Financial Group LLC now owns 743,108 shares of the company’s stock worth $37,928,000 after acquiring an additional 6,805 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock opened at $51.07 on Thursday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The stock’s fifty day simple moving average is $50.96 and its 200 day simple moving average is $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

The company 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 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.