Ifrah Financial Services Inc. Grows Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Ifrah Financial Services Inc. increased its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 218,873 shares of the company’s stock after acquiring an additional 4,390 shares during the period. iShares Floating Rate Bond ETF comprises approximately 3.1% of Ifrah Financial Services Inc.’s investment portfolio, making the stock its 6th largest holding. Ifrah Financial Services Inc.’s holdings in iShares Floating Rate Bond ETF were worth $11,136,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Good Life Advisors LLC bought a new stake in iShares Floating Rate Bond ETF in the third quarter valued at approximately $276,000. Essex LLC grew its position in iShares Floating Rate Bond ETF by 6.3% during the third quarter. Essex LLC now owns 8,523 shares of the company’s stock worth $435,000 after buying an additional 506 shares in the last quarter. Narus Financial Partners LLC grew its position in iShares Floating Rate Bond ETF by 27.6% during the third quarter. Narus Financial Partners LLC now owns 7,053 shares of the company’s stock worth $360,000 after buying an additional 1,526 shares in the last quarter. Western Financial Corp CA grew its position in iShares Floating Rate Bond ETF by 1.9% during the third quarter. Western Financial Corp CA now owns 13,592 shares of the company’s stock worth $694,000 after buying an additional 256 shares in the last quarter. Finally, GFG Capital LLC acquired a new stake in iShares Floating Rate Bond ETF during the third quarter worth approximately $2,697,000.

iShares Floating Rate Bond ETF Stock Up 0.0 %

Shares of FLOT stock opened at $51.01 on Monday. The stock’s fifty day moving average price is $50.94 and its two-hundred day moving average price is $50.94. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.2021 dividend. 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.