ARK & TLK Investments LLC Makes New $514,000 Investment in iShares Floating Rate Bond ETF (BATS:FLOT)

ARK & TLK Investments LLC acquired a new position in iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,158 shares of the company’s stock, valued at approximately $514,000.

Several other institutional investors have also added to or reduced their stakes in the business. SouthState Corp bought a new position in iShares Floating Rate Bond ETF during the fourth quarter valued at $32,000. Planned Solutions Inc. bought a new stake in iShares Floating Rate Bond ETF during the 4th quarter valued at $33,000. SRS Capital Advisors Inc. lifted its stake in iShares Floating Rate Bond ETF by 444.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock worth $41,000 after acquiring an additional 654 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in iShares Floating Rate Bond ETF by 64.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after buying an additional 550 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth $73,000.

iShares Floating Rate Bond ETF Price Performance

FLOT traded up $0.01 during midday trading on Friday, hitting $50.98. 598,286 shares of the company were exchanged. The company’s 50 day simple moving average is $50.99 and its 200 day simple moving average is $50.87. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were given a dividend of $0.2589 per share. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.26. The ex-dividend date of this dividend was Monday, June 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.