Synovus Financial Corp raised its holdings in shares of iShares Trust (BATS:FLOT) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 490,328 shares of the company’s stock after acquiring an additional 7,250 shares during the period. Synovus Financial Corp’s holdings in iShares Trust were worth $24,917,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wells Fargo & Company MN boosted its position in iShares Trust by 9.8% during the fourth quarter. Wells Fargo & Company MN now owns 3,074,711 shares of the company’s stock valued at $156,258,000 after buying an additional 274,635 shares during the period. James Investment Research Inc. boosted its position in iShares Trust by 21.2% during the fourth quarter. James Investment Research Inc. now owns 1,185,132 shares of the company’s stock valued at $60,229,000 after buying an additional 207,052 shares during the period. Grimes & Company Inc. purchased a new stake in iShares Trust during the fourth quarter valued at about $52,983,000. Valmark Advisers Inc. boosted its position in iShares Trust by 163.7% during the fourth quarter. Valmark Advisers Inc. now owns 931,893 shares of the company’s stock valued at $47,359,000 after buying an additional 578,555 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in iShares Trust by 36.9% during the fourth quarter. Bank of New York Mellon Corp now owns 776,402 shares of the company’s stock valued at $39,456,000 after buying an additional 209,471 shares during the period.
Shares of iShares Trust (FLOT) opened at $50.98 on Monday. iShares Trust has a 1 year low of $50.75 and a 1 year high of $51.05.
The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd were paid a dividend of $0.0726 per share. This represents a $0.87 annualized dividend and a dividend yield of 1.71%. This is an increase from iShares Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Thursday, February 1st.
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