Steinberg Global Asset Management raised its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 15.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 249,956 shares of the company’s stock after acquiring an additional 34,120 shares during the quarter. iShares Floating Rate Bond ETF accounts for 1.9% of Steinberg Global Asset Management’s holdings, making the stock its 10th largest position. Steinberg Global Asset Management’s holdings in iShares Floating Rate Bond ETF were worth $12,730,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 21.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 16,527 shares of the company’s stock worth $841,000 after purchasing an additional 2,875 shares during the period. Ropes Wealth Advisors LLC bought a new position in shares of iShares Floating Rate Bond ETF during the 1st quarter worth about $44,000. Mercer Global Advisors Inc. ADV bought a new position in shares of iShares Floating Rate Bond ETF during the 1st quarter worth about $259,000. Stone House Investment Management LLC bought a new position in shares of iShares Floating Rate Bond ETF during the 1st quarter worth about $36,000. Finally, OmniStar Financial Group Inc. increased its holdings in shares of iShares Floating Rate Bond ETF by 138.7% during the 1st quarter. OmniStar Financial Group Inc. now owns 57,925 shares of the company’s stock worth $2,949,000 after purchasing an additional 33,659 shares during the period.

Shares of BATS:FLOT traded down $0.01 on Monday, hitting $50.86. 1,222,908 shares of the company were exchanged. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10.

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.1315 per share. This is an increase from iShares Floating Rate Bond ETF’s previous monthly dividend of $0.12. The ex-dividend date was Monday, April 1st. This represents a $1.58 annualized dividend and a dividend yield of 3.10%.

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Further Reading: Yield Curve

Want to see what other hedge funds are holding FLOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Floating Rate Bond ETF (BATS:FLOT).

Institutional Ownership by Quarter for iShares Floating Rate Bond ETF (BATS:FLOT)

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