MRP Capital Investments LLC Makes New $383,000 Investment in iShares Floating Rate Bond ETF (BATS:FLOT)

MRP Capital Investments LLC acquired a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,500 shares of the company’s stock, valued at approximately $383,000.

Several other hedge funds have also modified their holdings of FLOT. Pineridge Advisors LLC grew its stake in iShares Floating Rate Bond ETF by 172.0% during the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after purchasing an additional 430 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the 2nd quarter valued at about $50,000. LRI Investments LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the first quarter worth about $82,000. Cove Street Capital LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter worth about $111,000. Finally, Cranbrook Wealth Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the second quarter worth approximately $126,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of iShares Floating Rate Bond ETF stock opened at $50.97 on Thursday. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10. The company has a 50 day moving average of $50.94 and a 200 day moving average of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.26 per share. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 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.