Loudon Investment Management LLC Purchases 1,560 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Loudon Investment Management LLC lifted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,247 shares of the company’s stock after acquiring an additional 1,560 shares during the period. Loudon Investment Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SouthState Corp bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth approximately $32,000. First Horizon Advisors Inc. lifted its stake in iShares Floating Rate Bond ETF by 195.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock valued at $33,000 after purchasing an additional 434 shares during the last quarter. Planned Solutions Inc. bought a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at approximately $33,000. SRS Capital Advisors Inc. lifted its stake in iShares Floating Rate Bond ETF by 444.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock valued at $41,000 after purchasing an additional 654 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in iShares Floating Rate Bond ETF by 64.2% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after purchasing an additional 550 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT traded up $0.01 on Thursday, hitting $50.89. The company had a trading volume of 1,590,802 shares. The firm has a 50 day moving average of $50.96 and a two-hundred day moving average of $50.82. 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 Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a $0.2559 dividend. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Monday, April 1st.

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.