Leavell Investment Management Inc. Buys 10,176 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Leavell Investment Management Inc. lifted its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 28.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,903 shares of the company’s stock after purchasing an additional 10,176 shares during the quarter. Leavell Investment Management Inc.’s holdings in iShares Floating Rate Bond ETF were worth $2,336,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Portfolio Design Labs LLC bought a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth about $4,691,000. Single Point Partners LLC raised its position in shares of iShares Floating Rate Bond ETF by 4.5% in the 4th quarter. Single Point Partners LLC now owns 155,730 shares of the company’s stock valued at $7,924,000 after buying an additional 6,766 shares in the last quarter. Sovran Advisors LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth approximately $271,000. Hartline Investment Corp lifted its holdings in shares of iShares Floating Rate Bond ETF by 80.8% during the 4th quarter. Hartline Investment Corp now owns 721,221 shares of the company’s stock worth $36,696,000 after acquiring an additional 322,286 shares during the period. Finally, Bonfire Financial acquired a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth approximately $2,318,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $50.96 on Thursday. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10. The firm has a 50 day simple moving average of $50.94 and a two-hundred day simple moving average of $50.94.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.2021 dividend. The ex-dividend date of this dividend was Monday, February 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.