Single Point Partners LLC Grows Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Single Point Partners LLC grew its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,730 shares of the company’s stock after purchasing an additional 6,766 shares during the quarter. iShares Floating Rate Bond ETF comprises approximately 1.8% of Single Point Partners LLC’s portfolio, making the stock its 13th largest holding. Single Point Partners LLC’s holdings in iShares Floating Rate Bond ETF were worth $7,924,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Logan Capital Management Inc. acquired a new stake in iShares Floating Rate Bond ETF in the 3rd quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in iShares Floating Rate Bond ETF in the 3rd quarter valued at approximately $27,000. Eastern Bank purchased a new position in iShares Floating Rate Bond ETF in the 3rd quarter valued at approximately $41,000. Bull Oak Capital LLC purchased a new position in iShares Floating Rate Bond ETF in the 3rd quarter valued at approximately $115,000. Finally, Northstar Advisory Group LLC purchased a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at approximately $204,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $50.95 on Tuesday. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10. The firm has a 50 day moving average of $50.94 and a two-hundred day moving average of $50.94.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.2021 dividend. The ex-dividend date was Monday, February 3rd.

iShares Floating Rate Bond ETF 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.