Apollon Wealth Management LLC Has $9.01 Million Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Apollon Wealth Management LLC grew its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 826.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 177,171 shares of the company’s stock after purchasing an additional 158,038 shares during the period. Apollon Wealth Management LLC owned about 0.12% of iShares Floating Rate Bond ETF worth $9,014,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Logan Capital Management Inc. bought a new stake in iShares Floating Rate Bond ETF in the 3rd quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC acquired a new position in iShares Floating Rate Bond ETF in the 3rd quarter valued at $27,000. Darwin Wealth Management LLC bought a new stake in iShares Floating Rate Bond ETF during the third quarter worth about $27,000. Eastern Bank bought a new position in iShares Floating Rate Bond ETF in the third quarter valued at approximately $41,000. Finally, Bull Oak Capital LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth $115,000.

iShares Floating Rate Bond ETF Price Performance

BATS FLOT opened at $50.96 on Friday. The business’s fifty day moving average is $50.94 and its 200 day moving average is $50.95. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.2021 dividend. The ex-dividend date of this dividend was Monday, February 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.