iShares Floating Rate Bond ETF (BATS:FLOT) Shares Bought by TCP Asset Management LLC

TCP Asset Management LLC boosted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 1,185.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 285,081 shares of the company’s stock after acquiring an additional 262,911 shares during the quarter. iShares Floating Rate Bond ETF comprises 3.8% of TCP Asset Management LLC’s holdings, making the stock its 10th largest holding. TCP Asset Management LLC owned approximately 0.20% of iShares Floating Rate Bond ETF worth $14,556,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its stake in shares of iShares Floating Rate Bond ETF by 156.2% in the third quarter. Ameriprise Financial Inc. now owns 2,959,885 shares of the company’s stock valued at $150,676,000 after buying an additional 1,804,501 shares in the last quarter. Scarborough Advisors LLC grew its stake in shares of iShares Floating Rate Bond ETF by 1,437.5% in the fourth quarter. Scarborough Advisors LLC now owns 1,299,349 shares of the company’s stock valued at $65,773,000 after buying an additional 1,214,838 shares in the last quarter. Northern Trust Corp grew its stake in shares of iShares Floating Rate Bond ETF by 17.3% in the fourth quarter. Northern Trust Corp now owns 4,310,607 shares of the company’s stock valued at $218,203,000 after buying an additional 636,112 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of iShares Floating Rate Bond ETF by 3,178.1% in the fourth quarter. Apollon Wealth Management LLC now owns 566,559 shares of the company’s stock valued at $28,679,000 after buying an additional 549,276 shares in the last quarter. Finally, Angeles Investment Advisors LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at $20,881,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT remained flat at $50.89 during trading on Wednesday. The stock had a trading volume of 608,144 shares. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The stock has a fifty day moving average price of $51.00 and a 200-day moving average price of $50.90.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be issued a $0.2494 dividend. The ex-dividend date is Monday, July 1st.

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.