Summit Asset Management LLC Increases Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Summit Asset Management LLC grew its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 26.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,783 shares of the company’s stock after buying an additional 1,619 shares during the quarter. Summit Asset Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $396,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Logan Capital Management Inc. purchased a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth $25,000. Darwin Wealth Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at about $27,000. Eastern Bank purchased a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at about $41,000. Boyd Watterson Asset Management LLC OH increased its holdings in shares of iShares Floating Rate Bond ETF by 227.5% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock valued at $71,000 after purchasing an additional 967 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at about $100,000.

iShares Floating Rate Bond ETF Trading Up 0.1 %

Shares of FLOT opened at $51.05 on Friday. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10. The company has a 50-day simple moving average of $50.95 and a 200-day simple moving average of $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders 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 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.