Trek Financial LLC Acquires 61,513 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Posted by Defense World Staff on Sep 9th, 2023

Trek Financial LLC grew its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 511.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,544 shares of the company’s stock after buying an additional 61,513 shares during the period. Trek Financial LLC’s holdings in iShares Floating Rate Bond ETF were worth $3,706,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in iShares Floating Rate Bond ETF by 13.5% during the 1st quarter. BlackRock Inc. now owns 7,322,667 shares of the company’s stock worth $368,989,000 after buying an additional 869,248 shares during the period. Wells Fargo & Company MN grew its holdings in shares of iShares Floating Rate Bond ETF by 4.8% during the 4th quarter. Wells Fargo & Company MN now owns 4,404,196 shares of the company’s stock worth $221,663,000 after purchasing an additional 202,349 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of iShares Floating Rate Bond ETF by 7.0% during the 4th quarter. Franklin Resources Inc. now owns 3,586,597 shares of the company’s stock worth $180,513,000 after purchasing an additional 234,085 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of iShares Floating Rate Bond ETF by 18.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,127,833 shares of the company’s stock worth $157,424,000 after purchasing an additional 478,850 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of iShares Floating Rate Bond ETF by 24.1% during the 1st quarter. Royal Bank of Canada now owns 2,495,722 shares of the company’s stock worth $126,084,000 after purchasing an additional 484,663 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $50.72 on Friday. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10. The business’s fifty day moving average is $50.71 and its 200-day moving average is $50.56.

iShares Floating Rate Bond ETF Announces Dividend

The business also recently announced a dividend, which was paid on Monday, July 10th. Stockholders of record on Wednesday, July 5th were issued a dividend of $0.2341 per share. The ex-dividend date of this dividend was Monday, July 3rd.

iShares Floating Rate Bond ETF Company Profile

(Free Report)

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.