Eldridge Investment Advisors Inc. Purchases 12,813 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Eldridge Investment Advisors Inc. increased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 96.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,138 shares of the company’s stock after buying an additional 12,813 shares during the period. Eldridge Investment Advisors Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,323,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in shares of iShares Floating Rate Bond ETF by 24.0% during the 3rd quarter. Northern Trust Corp now owns 3,674,495 shares of the company’s stock valued at $186,995,000 after purchasing an additional 712,205 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 5.3% during the 3rd quarter. LPL Financial LLC now owns 3,120,045 shares of the company’s stock valued at $158,779,000 after purchasing an additional 156,029 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF by 156.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,959,885 shares of the company’s stock valued at $150,676,000 after purchasing an additional 1,804,501 shares during the last quarter. Glenview Trust co boosted its holdings in shares of iShares Floating Rate Bond ETF by 1.5% during the 3rd quarter. Glenview Trust co now owns 1,737,026 shares of the company’s stock valued at $88,397,000 after purchasing an additional 25,560 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of iShares Floating Rate Bond ETF by 5.1% during the 3rd quarter. Royal Bank of Canada now owns 1,570,738 shares of the company’s stock valued at $79,934,000 after purchasing an additional 75,839 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.1 %

Shares of FLOT traded up $0.03 during midday trading on Thursday, hitting $50.88. 1,458,189 shares of the company traded hands. The firm has a 50 day moving average of $50.96 and a 200-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 company also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were paid a $0.2559 dividend. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Monday, April 1st.

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.