iShares Floating Rate Bond ETF (BATS:FLOT) Sets New 52-Week Low at $50.63

iShares Floating Rate Bond ETF (BATS:FLOT) reached a new 52-week low during trading on Friday . The stock traded as low as $50.63 and last traded at $50.64, with a volume of 944795 shares trading hands. The stock had previously closed at $50.87.

iShares Floating Rate Bond ETF Stock Up 0.0 %

The company has a 50 day moving average of $50.72 and a 200 day moving average of $50.57.

iShares Floating Rate Bond ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, July 10th. Investors of record on Wednesday, July 5th were paid a dividend of $0.2341 per share. The ex-dividend date was Monday, July 3rd.

Institutional Trading of iShares Floating Rate Bond ETF

Several large investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its stake in iShares Floating Rate Bond ETF by 17,845.3% during the first quarter. Jane Street Group LLC now owns 13,189,239 shares of the company’s stock worth $664,606,000 after buying an additional 13,115,742 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in iShares Floating Rate Bond ETF by 98,060.3% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 7,484,721 shares of the company’s stock worth $380,224,000 after purchasing an additional 7,477,096 shares during the period. New York Life Investment Management LLC raised its stake in iShares Floating Rate Bond ETF by 435.0% during the second quarter. New York Life Investment Management LLC now owns 3,298,572 shares of the company’s stock worth $167,633,000 after purchasing an additional 2,681,989 shares during the period. Providence Capital Advisors LLC purchased a new position in iShares Floating Rate Bond ETF during the first quarter worth about $39,542,000. Finally, Assetmark Inc. raised its stake in iShares Floating Rate Bond ETF by 515.9% during the first quarter. Assetmark Inc. now owns 1,220,994 shares of the company’s stock worth $61,526,000 after purchasing an additional 1,022,762 shares during the period.

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.