Blue Capital Inc. Buys Shares of 54,999 iShares Floating Rate Bond ETF (BATS:FLOT)

Blue Capital Inc. purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 54,999 shares of the company’s stock, valued at approximately $2,798,000. iShares Floating Rate Bond ETF makes up approximately 2.0% of Blue Capital Inc.’s investment portfolio, making the stock its 18th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its holdings in iShares Floating Rate Bond ETF by 8.1% during the 4th quarter. Captrust Financial Advisors now owns 417,865 shares of the company’s stock worth $21,261,000 after acquiring an additional 31,216 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter worth $10,163,000. Baird Financial Group Inc. increased its holdings in iShares Floating Rate Bond ETF by 5.3% in the fourth quarter. Baird Financial Group Inc. now owns 58,913 shares of the company’s stock valued at $2,997,000 after buying an additional 2,981 shares during the last quarter. Bank of America Corp DE raised its stake in iShares Floating Rate Bond ETF by 3.9% in the fourth quarter. Bank of America Corp DE now owns 7,888,150 shares of the company’s stock valued at $401,349,000 after buying an additional 295,184 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in iShares Floating Rate Bond ETF by 8.0% in the fourth quarter. Ameriprise Financial Inc. now owns 1,073,049 shares of the company’s stock valued at $54,644,000 after buying an additional 79,669 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.5 %

BATS:FLOT opened at $50.75 on Monday. iShares Floating Rate Bond ETF has a 1 year low of $49.75 and a 1 year high of $51.34. The stock has a 50-day simple moving average of $50.81 and a 200-day simple moving average of $50.91.

iShares Floating Rate Bond ETF Cuts Dividend

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