Karp Capital Management Corp Takes $2.44 Million Position in iShares Floating Rate Bond ETF (FLOT)

Karp Capital Management Corp acquired a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 47,785 shares of the company’s stock, valued at approximately $2,438,000.

Other institutional investors also recently added to or reduced their stakes in the company. Oak Asset Management LLC lifted its position in shares of iShares Floating Rate Bond ETF by 7.1% in the 3rd quarter. Oak Asset Management LLC now owns 15,128 shares of the company’s stock worth $772,000 after purchasing an additional 1,000 shares during the period. Parallel Advisors LLC lifted its position in shares of iShares Floating Rate Bond ETF by 79.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,429 shares of the company’s stock worth $124,000 after purchasing an additional 1,077 shares during the period. Cottage Street Advisors LLC lifted its position in shares of iShares Floating Rate Bond ETF by 9.6% in the 2nd quarter. Cottage Street Advisors LLC now owns 12,334 shares of the company’s stock worth $629,000 after purchasing an additional 1,078 shares during the period. D.A. Davidson & CO. lifted its position in shares of iShares Floating Rate Bond ETF by 2.0% in the 2nd quarter. D.A. Davidson & CO. now owns 65,802 shares of the company’s stock worth $3,356,000 after purchasing an additional 1,267 shares during the period. Finally, HL Financial Services LLC lifted its position in shares of iShares Floating Rate Bond ETF by 2.0% in the 2nd quarter. HL Financial Services LLC now owns 64,535 shares of the company’s stock worth $3,291,000 after purchasing an additional 1,286 shares during the period.

Shares of FLOT opened at $50.72 on Monday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10.

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 7th. Stockholders of record on Friday, November 2nd were given a $0.1138 dividend. This represents a $1.37 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Thursday, November 1st. This is a boost from iShares Floating Rate Bond ETF’s previous monthly dividend of $0.11.

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Institutional Ownership by Quarter for iShares Floating Rate Bond ETF (BATS:FLOT)

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