Keybank National Association OH Makes New $592,000 Investment in iShares Floating Rate Bond ETF (BATS:FLOT)

Keybank National Association OH purchased a new position in iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,628 shares of the company’s stock, valued at approximately $592,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Logan Capital Management Inc. purchased a new position in iShares Floating Rate Bond ETF in the 3rd quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in iShares Floating Rate Bond ETF in the 3rd quarter worth about $27,000. Boyd Watterson Asset Management LLC OH increased its stake in iShares Floating Rate Bond ETF by 227.5% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock worth $71,000 after purchasing an additional 967 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in iShares Floating Rate Bond ETF in the 4th quarter worth about $100,000. Finally, Marshall Investment Management LLC purchased a new position in iShares Floating Rate Bond ETF in the 4th quarter worth about $117,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT opened at $50.96 on Friday. The business’s 50-day moving average price is $50.98 and its 200 day moving average price is $50.96. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1912 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.