iShares Floating Rate Bond ETF (BATS:FLOT) Sets New 52-Week Low at $50.74

iShares Floating Rate Bond ETF (BATS:FLOT)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $50.74 and last traded at $50.76, with a volume of 933486 shares trading hands. The stock had previously closed at $50.74.

iShares Floating Rate Bond ETF Stock Performance

The business has a 50 day moving average of $50.75 and a 200-day moving average of $50.70.

iShares Floating Rate Bond ETF Increases Dividend

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

Institutional Trading of iShares Floating Rate Bond ETF

A number of hedge funds have recently bought and sold shares of the company. RiverFront Investment Group LLC increased its position in iShares Floating Rate Bond ETF by 1.8% during the fourth quarter. RiverFront Investment Group LLC now owns 12,042 shares of the company’s stock valued at $606,000 after acquiring an additional 214 shares during the last quarter. TrueWealth Advisors LLC grew its holdings in iShares Floating Rate Bond ETF by 4.6% during the second quarter. TrueWealth Advisors LLC now owns 5,035 shares of the company’s stock valued at $256,000 after purchasing an additional 222 shares during the period. Townsquare Capital LLC grew its holdings in iShares Floating Rate Bond ETF by 1.3% during the fourth quarter. Townsquare Capital LLC now owns 16,983 shares of the company’s stock valued at $855,000 after purchasing an additional 224 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in iShares Floating Rate Bond ETF by 3.1% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 7,719 shares of the company’s stock valued at $393,000 after purchasing an additional 234 shares during the period. Finally, Capital Advisors Ltd. LLC grew its holdings in iShares Floating Rate Bond ETF by 6.7% during the third quarter. Capital Advisors Ltd. LLC now owns 3,764 shares of the company’s stock valued at $192,000 after purchasing an additional 237 shares during the period.

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.