Royal Fund Management LLC Makes New $8.95 Million Investment in iShares Floating Rate Bond ETF (BATS:FLOT)

Royal Fund Management LLC purchased a new position in iShares Floating Rate Bond ETF (BATS:FLOT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 176,841 shares of the company’s stock, valued at approximately $8,952,000. iShares Floating Rate Bond ETF makes up approximately 1.0% of Royal Fund Management LLC’s portfolio, making the stock its 16th biggest position. Royal Fund Management LLC owned 0.13% of iShares Floating Rate Bond ETF at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. SouthState Corp acquired a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth about $32,000. First Horizon Advisors Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF by 195.5% during the third quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock worth $33,000 after purchasing an additional 434 shares during the period. Planned Solutions Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth about $33,000. SRS Capital Advisors Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF by 444.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock worth $41,000 after purchasing an additional 654 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of iShares Floating Rate Bond ETF by 64.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock worth $71,000 after purchasing an additional 550 shares during the period.

iShares Floating Rate Bond ETF Trading Up 0.0 %

BATS:FLOT traded up $0.02 during trading hours on Friday, reaching $50.90. The company had a trading volume of 942,290 shares. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10. The business’s 50 day moving average price is $50.96 and its 200-day moving average price is $50.82.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a $0.2559 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.