Coppell Advisory Solutions Corp. Purchases New Shares in iShares Floating Rate Bond ETF (BATS:FLOT)

Coppell Advisory Solutions Corp. purchased a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,186 shares of the company’s stock, valued at approximately $265,000.

A number of other hedge funds have also bought and sold shares of the company. Northern Trust Corp increased its position in iShares Floating Rate Bond ETF by 17.3% during the fourth quarter. Northern Trust Corp now owns 4,310,607 shares of the company’s stock valued at $218,203,000 after acquiring an additional 636,112 shares during the last quarter. Assetmark Inc. grew its holdings in shares of iShares Floating Rate Bond ETF by 11.9% in the fourth quarter. Assetmark Inc. now owns 2,435,420 shares of the company’s stock worth $123,281,000 after purchasing an additional 258,033 shares during the last quarter. Scarborough Advisors LLC grew its holdings 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 worth $65,773,000 after purchasing an additional 1,214,838 shares during the last quarter. Haverford Trust Co grew its holdings in shares of iShares Floating Rate Bond ETF by 5.3% in the first quarter. Haverford Trust Co now owns 1,186,233 shares of the company’s stock worth $60,569,000 after purchasing an additional 59,769 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 3.3% in the first quarter. DAVENPORT & Co LLC now owns 1,068,425 shares of the company’s stock worth $54,554,000 after purchasing an additional 34,246 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0 %

Shares of BATS FLOT traded up $0.01 during mid-day trading on Thursday, reaching $51.11. The company had a trading volume of 3,792,147 shares. The business’s 50-day moving average is $51.00 and its 200-day moving average is $50.96. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were issued a $0.2494 dividend. The ex-dividend date of this dividend was Monday, July 1st.

About iShares Floating Rate Bond ETF

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.