First PREMIER Bank Acquires New Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

First PREMIER Bank bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,400 shares of the company’s stock, valued at approximately $174,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pineridge Advisors LLC grew its stake in shares of iShares Floating Rate Bond ETF by 172.0% in the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after buying an additional 430 shares during the period. Opal Wealth Advisors LLC acquired a new stake in iShares Floating Rate Bond ETF in the second quarter valued at approximately $50,000. LRI Investments LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the first quarter valued at approximately $82,000. Cranbrook Wealth Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the second quarter worth approximately $126,000. Finally, Webster Bank N. A. bought a new position in shares of iShares Floating Rate Bond ETF in the 2nd quarter worth $151,000.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT traded up $0.01 during trading hours on Wednesday, hitting $50.90. 738,502 shares of the company traded hands. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10. The firm’s 50-day simple moving average is $50.92 and its 200-day simple moving average is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

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

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.