Bonfire Financial Makes New Investment in iShares Floating Rate Bond ETF (BATS:FLOT)

Bonfire Financial bought a new position in iShares Floating Rate Bond ETF (BATS:FLOT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,551 shares of the company’s stock, valued at approximately $2,318,000. iShares Floating Rate Bond ETF comprises approximately 2.1% of Bonfire Financial’s portfolio, making the stock its 15th largest position.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 31.0% in the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock valued at $240,430,000 after purchasing an additional 1,118,243 shares during the period. DAVENPORT & Co LLC increased its stake in shares of iShares Floating Rate Bond ETF by 15.6% in the fourth quarter. DAVENPORT & Co LLC now owns 1,284,553 shares of the company’s stock valued at $65,358,000 after purchasing an additional 172,943 shares during the period. Haverford Trust Co increased its stake in shares of iShares Floating Rate Bond ETF by 1.4% in the third quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock valued at $59,608,000 after purchasing an additional 16,112 shares during the period. Demars Financial Group LLC increased its stake in shares of iShares Floating Rate Bond ETF by 0.9% in the third quarter. Demars Financial Group LLC now owns 743,108 shares of the company’s stock valued at $37,928,000 after purchasing an additional 6,805 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of iShares Floating Rate Bond ETF by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock valued at $35,489,000 after purchasing an additional 91,686 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT opened at $50.95 on Tuesday. The firm’s 50 day moving average is $50.94 and its two-hundred day moving average is $50.94. 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 disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.2021 per share. The ex-dividend date was Monday, February 3rd.

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.