iShares Floating Rate Bond ETF (BATS:FLOT) Reaches New 1-Year Low at $50.73

iShares Floating Rate Bond ETF (BATS:FLOT)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $50.73 and last traded at $50.74, with a volume of 1286261 shares changing hands. The stock had previously closed at $50.74.

iShares Floating Rate Bond ETF Trading Up 0.1 %

The firm has a 50-day simple moving average of $50.72 and a 200 day simple moving average of $50.57.

iShares Floating Rate Bond ETF Announces Dividend

The company also recently declared a dividend, which was paid on Monday, July 10th. Shareholders of record on Wednesday, July 5th were paid a dividend of $0.2341 per share. The ex-dividend date of this dividend was Monday, July 3rd.

Institutional Investors Weigh In On iShares Floating Rate Bond ETF

A number of large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of iShares Floating Rate Bond ETF by 122.7% during the 1st quarter. Bank of New York Mellon Corp now owns 112,302 shares of the company’s stock valued at $5,674,000 after acquiring an additional 61,884 shares during the period. Roundview Capital LLC raised its holdings in iShares Floating Rate Bond ETF by 19.2% during the 1st quarter. Roundview Capital LLC now owns 121,500 shares of the company’s stock valued at $6,138,000 after buying an additional 19,580 shares during the period. Citigroup Inc. raised its holdings in iShares Floating Rate Bond ETF by 976.0% during the 1st quarter. Citigroup Inc. now owns 3,228 shares of the company’s stock valued at $163,000 after buying an additional 2,928 shares during the period. Bank of Montreal Can grew its position in iShares Floating Rate Bond ETF by 9.0% in the 1st quarter. Bank of Montreal Can now owns 118,015 shares of the company’s stock valued at $5,983,000 after acquiring an additional 9,772 shares during the last quarter. Finally, Cibc World Market Inc. grew its position in iShares Floating Rate Bond ETF by 126.2% in the 1st quarter. Cibc World Market Inc. now owns 81,715 shares of the company’s stock valued at $4,128,000 after acquiring an additional 45,589 shares during the last quarter.

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.