Raymond James Financial Inc. Purchases New Shares in iShares Floating Rate Bond ETF (BATS:FLOT)

Raymond James Financial Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the fourth quarter, HoldingsChannel reports. The fund purchased 862,087 shares of the company’s stock, valued at approximately $43,863,000.

A number of other hedge funds also recently bought and sold shares of the business. Franklin Resources Inc. raised its stake in iShares Floating Rate Bond ETF by 31.0% during the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock valued at $240,430,000 after purchasing an additional 1,118,243 shares in the last quarter. Proficio Capital Partners LLC raised its stake in iShares Floating Rate Bond ETF by 2,108.2% during the fourth quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock valued at $231,716,000 after purchasing an additional 4,347,920 shares in the last quarter. New York Life Investment Management LLC raised its stake in iShares Floating Rate Bond ETF by 12.8% during the fourth quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock valued at $155,445,000 after purchasing an additional 347,836 shares in the last quarter. DAVENPORT & Co LLC raised its stake in iShares Floating Rate Bond ETF by 15.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,284,553 shares of the company’s stock valued at $65,358,000 after purchasing an additional 172,943 shares in the last quarter. Finally, Haverford Trust Co raised its stake in iShares Floating Rate Bond ETF by 1.4% during the third quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock valued at $59,608,000 after purchasing an additional 16,112 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.1 %

iShares Floating Rate Bond ETF stock opened at $50.95 on Wednesday. The firm’s fifty day moving average is $50.98 and its 200 day moving average is $50.96. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.1912 dividend. The ex-dividend date 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.