11,064 Shares in iShares Floating Rate Bond ETF (BATS:FLOT) Purchased by Cary Street Partners Asset Management LLC

Cary Street Partners Asset Management LLC bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,064 shares of the company’s stock, valued at approximately $562,000.

Several other hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in iShares Floating Rate Bond ETF by 122.7% in 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 buying an additional 61,884 shares during the last quarter. Roundview Capital LLC grew its stake in iShares Floating Rate Bond ETF by 19.2% in the first quarter. Roundview Capital LLC now owns 121,500 shares of the company’s stock valued at $6,138,000 after purchasing an additional 19,580 shares in the last quarter. Citigroup Inc. grew its stake in iShares Floating Rate Bond ETF by 976.0% in the first quarter. Citigroup Inc. now owns 3,228 shares of the company’s stock valued at $163,000 after purchasing an additional 2,928 shares in the last quarter. Bank of Montreal Can grew its stake in iShares Floating Rate Bond ETF by 9.0% in the first quarter. Bank of Montreal Can now owns 118,015 shares of the company’s stock valued at $5,983,000 after purchasing an additional 9,772 shares in the last quarter. Finally, Cibc World Market Inc. grew its stake in iShares Floating Rate Bond ETF by 126.2% in the first quarter. Cibc World Market Inc. now owns 81,715 shares of the company’s stock valued at $4,128,000 after purchasing an additional 45,589 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.0 %

FLOT stock traded down $0.02 during mid-day trading on Friday, reaching $50.74. The company had a trading volume of 792,182 shares. The stock has a 50 day simple moving average of $50.75 and a two-hundred day simple moving average of $50.69. 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 Increases Dividend

The company also recently declared a dividend, which was paid on Friday, October 6th. Shareholders of record on Tuesday, October 3rd were paid a $0.247 dividend. The ex-dividend date of this dividend was Monday, October 2nd. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.23.

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.