200,082 Shares in iShares Floating Rate Bond ETF (BATS:FLOT) Acquired by Cascade Wealth Advisors Inc

Cascade Wealth Advisors Inc bought a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 200,082 shares of the company’s stock, valued at approximately $10,194,000. iShares Floating Rate Bond ETF comprises about 8.7% of Cascade Wealth Advisors Inc’s holdings, making the stock its biggest position. Cascade Wealth Advisors Inc owned about 0.14% of iShares Floating Rate Bond ETF at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FLOT. Ameriprise Financial Inc. grew its holdings in 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 buying an additional 1,804,501 shares during the last quarter. Scarborough Advisors LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 1,437.5% during the fourth quarter. Scarborough Advisors LLC now owns 1,299,349 shares of the company’s stock worth $65,773,000 after purchasing an additional 1,214,838 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of iShares Floating Rate Bond ETF by 24.0% during the third quarter. Northern Trust Corp now owns 3,674,495 shares of the company’s stock worth $186,995,000 after purchasing an additional 712,205 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 3,178.1% during the fourth quarter. Apollon Wealth Management LLC now owns 566,559 shares of the company’s stock worth $28,679,000 after purchasing an additional 549,276 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank boosted its holdings in shares of iShares Floating Rate Bond ETF by 103.7% during the third quarter. Cape Cod Five Cents Savings Bank now owns 840,858 shares of the company’s stock worth $42,791,000 after purchasing an additional 427,981 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $51.08 on Thursday. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10. The stock’s fifty day simple moving average is $51.00 and its 200-day simple moving average is $50.89.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.2589 per share. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.26. The ex-dividend date was Monday, June 3rd.

iShares Floating Rate Bond ETF Profile

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.