Arvest Investments Inc. Purchases Shares of 35,449 iShares Floating Rate Bond ETF (BATS:FLOT)

by · The Cerbat Gem

Arvest Investments Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 35,449 shares of the company’s stock, valued at approximately $1,809,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FLOT. Moisand Fitzgerald Tamayo LLC bought a new position in iShares Floating Rate Bond ETF during the 3rd quarter valued at $27,000. Pineridge Advisors LLC boosted its stake in iShares Floating Rate Bond ETF by 172.0% during the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 430 shares in the last quarter. Eastern Bank acquired a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at $41,000. Opal Wealth Advisors LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the 2nd quarter valued at $50,000. Finally, LRI Investments LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the 1st quarter valued at $82,000.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT traded up $0.04 on Friday, reaching $50.94. 842,523 shares of the company traded hands. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10. The company’s 50 day moving average is $50.94 and its 200-day moving average is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

About iShares Floating Rate Bond ETF

(Free Report)

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.

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