Loudon Investment Management LLC Purchases 4,770 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Loudon Investment Management LLC increased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 36.3% during the 4th quarter, Holdings Channel reports. The firm owned 17,902 shares of the company’s stock after acquiring an additional 4,770 shares during the quarter. Loudon Investment Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $911,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FLOT. Franklin Resources Inc. boosted 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 valued at $240,430,000 after acquiring an additional 1,118,243 shares in the last quarter. Proficio Capital Partners LLC boosted its position in iShares Floating Rate Bond ETF by 2,108.2% during the 4th quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock valued at $231,716,000 after acquiring an additional 4,347,920 shares in the last quarter. New York Life Investment Management LLC boosted its position in iShares Floating Rate Bond ETF by 12.8% during the 4th quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock valued at $155,445,000 after acquiring an additional 347,836 shares in the last quarter. Glenview Trust co boosted its position in iShares Floating Rate Bond ETF by 5.3% during the 4th quarter. Glenview Trust co now owns 2,431,678 shares of the company’s stock valued at $123,724,000 after acquiring an additional 123,112 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted 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 valued at $65,358,000 after acquiring an additional 172,943 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.0 %

Shares of BATS FLOT opened at $51.00 on Friday. The stock’s fifty day simple moving average is $50.99 and its two-hundred day simple moving average is $50.95. iShares Floating Rate Bond ETF has a 12-month low of $50.28 and a 12-month high of $51.16.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.1912 dividend. The ex-dividend date was Monday, March 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.