Penobscot Investment Management Company Inc. Has $5.85 Million Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Penobscot Investment Management Company Inc. increased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,002 shares of the company’s stock after buying an additional 20,331 shares during the period. Penobscot Investment Management Company Inc. owned 0.08% of iShares Floating Rate Bond ETF worth $5,851,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Logan Capital Management Inc. acquired a new stake in iShares Floating Rate Bond ETF in the third quarter valued at approximately $25,000. Boyd Watterson Asset Management LLC OH grew its position in iShares Floating Rate Bond ETF by 227.5% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock valued at $71,000 after purchasing an additional 967 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in iShares Floating Rate Bond ETF during the 4th quarter valued at $100,000. Marshall Investment Management LLC acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter worth $117,000. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 26.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 2,680 shares of the company’s stock valued at $136,000 after buying an additional 563 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.1 %

Shares of BATS FLOT opened at $51.04 on Wednesday. iShares Floating Rate Bond ETF has a 1 year low of $50.28 and a 1 year high of $51.16. The company has a 50-day moving average price of $51.00 and a 200-day moving average price of $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1912 per share. 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.