iShares Floating Rate Bond ETF (BATS:FLOT) to Issue Dividend of $0.26

iShares Floating Rate Bond ETF (BATS:FLOT) announced a dividend on Thursday, March 28th, NASDAQ reports. Investors of record on Tuesday, April 2nd will be given a dividend of 0.2559 per share on Friday, April 5th. The ex-dividend date of this dividend is Monday, April 1st. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

iShares Floating Rate Bond ETF Stock Down 0.0 %

Shares of BATS FLOT traded down $0.02 during trading on Friday, reaching $51.06. 3,267,822 shares of the stock traded hands. 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 $50.92 and a 200-day moving average of $50.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLOT. Virtue Capital Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter worth about $2,972,000. Modern Wealth Management LLC purchased a new stake in iShares Floating Rate Bond ETF during the 4th quarter valued at $237,000. OLD Mission Capital LLC bought a new stake in iShares Floating Rate Bond ETF in the 4th quarter worth about $3,582,000. Buckingham Strategic Wealth LLC boosted its stake in shares of iShares Floating Rate Bond ETF by 147.3% in the 4th quarter. Buckingham Strategic Wealth LLC now owns 25,684 shares of the company’s stock worth $1,300,000 after buying an additional 15,300 shares during the last quarter. Finally, Continuum Advisory LLC increased its stake in shares of iShares Floating Rate Bond ETF by 7.2% in the 4th quarter. Continuum Advisory LLC now owns 4,627 shares of the company’s stock worth $234,000 after purchasing an additional 309 shares in the last quarter.

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.