Elm3 Financial Group LLC Invests $344,000 in iShares Floating Rate Bond ETF (BATS:FLOT)

Elm3 Financial Group LLC purchased a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, Holdings Channel.com reports. The fund purchased 6,763 shares of the company’s stock, valued at approximately $344,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of iShares Floating Rate Bond ETF by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock valued at $35,489,000 after buying an additional 91,686 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in iShares Floating Rate Bond ETF by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,002 shares of the company’s stock valued at $1,276,000 after acquiring an additional 502 shares during the period. Sanctuary Advisors LLC grew its position in iShares Floating Rate Bond ETF by 14.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 103,726 shares of the company’s stock valued at $5,294,000 after acquiring an additional 12,859 shares during the last quarter. Atria Investments Inc increased its stake in iShares Floating Rate Bond ETF by 65.0% in the third quarter. Atria Investments Inc now owns 15,177 shares of the company’s stock worth $775,000 after purchasing an additional 5,979 shares during the period. Finally, TCP Asset Management LLC lifted its position in shares of iShares Floating Rate Bond ETF by 15.7% during the third quarter. TCP Asset Management LLC now owns 346,641 shares of the company’s stock worth $17,693,000 after purchasing an additional 47,061 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT opened at $50.94 on Thursday. The firm has a fifty day moving average price of $50.94 and a 200-day moving average price of $50.95. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be paid a $0.2021 dividend. The ex-dividend date is Monday, February 3rd.

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.