Wrapmanager Inc. Has $2.72 Million Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Wrapmanager Inc. increased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 16.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 53,483 shares of the company’s stock after buying an additional 7,689 shares during the period. Wrapmanager Inc.’s holdings in iShares Floating Rate Bond ETF were worth $2,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in shares of iShares Floating Rate Bond ETF by 31.0% in the third 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 boosted its holdings in iShares Floating Rate Bond ETF by 15.6% in the 4th quarter. DAVENPORT & Co LLC now owns 1,284,553 shares of the company’s stock valued at $65,358,000 after purchasing an additional 172,943 shares during the period. Haverford Trust Co grew its position in iShares Floating Rate Bond ETF by 1.4% in the 3rd quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock worth $59,608,000 after purchasing an additional 16,112 shares during the last quarter. Truist Financial Corp increased its holdings in shares of 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 purchasing an additional 148,673 shares during the period. Finally, Demars Financial Group LLC raised its position in shares of iShares Floating Rate Bond ETF by 0.9% during the third quarter. Demars Financial Group LLC now owns 743,108 shares of the company’s stock valued at $37,928,000 after buying an additional 6,805 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.1 %

BATS FLOT opened at $51.06 on Tuesday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The firm has a 50-day simple moving average of $50.95 and a 200 day simple moving average of $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

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

iShares Floating Rate Bond ETF Company 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.