Lee Danner & Bass Inc. Buys New Shares in iShares Floating Rate Bond ETF (BATS:FLOT)

Lee Danner & Bass Inc. bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,642 shares of the company’s stock, valued at approximately $491,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Loudon Investment Management LLC increased its stake in iShares Floating Rate Bond ETF by 36.3% during the fourth quarter. Loudon Investment Management LLC now owns 17,902 shares of the company’s stock worth $911,000 after acquiring an additional 4,770 shares during the last quarter. Independent Solutions Wealth Management LLC increased its stake in iShares Floating Rate Bond ETF by 224.8% during the fourth quarter. Independent Solutions Wealth Management LLC now owns 47,296 shares of the company’s stock worth $2,406,000 after acquiring an additional 32,734 shares during the last quarter. Arvest Investments Inc. increased its stake in iShares Floating Rate Bond ETF by 5.4% during the fourth quarter. Arvest Investments Inc. now owns 37,372 shares of the company’s stock worth $1,902,000 after acquiring an additional 1,923 shares during the last quarter. L.K. Benson & Company P.C. acquired a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth about $847,000. Finally, Horizon Investments LLC increased its stake in iShares Floating Rate Bond ETF by 261.9% during the fourth quarter. Horizon Investments LLC now owns 8,472 shares of the company’s stock worth $429,000 after acquiring an additional 6,131 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT opened at $51.02 on Friday. The business has a 50-day moving average of $50.99 and a two-hundred day moving average of $50.95. iShares Floating Rate Bond ETF has a 12 month low of $50.28 and a 12 month high of $51.16.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently declared 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.

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.