Brown Brothers Harriman & Co. Invests $153,000 in iShares Floating Rate Bond ETF (BATS:FLOT)

Brown Brothers Harriman & Co. bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,000 shares of the company’s stock, valued at approximately $153,000.

Several other institutional investors also recently bought and sold shares of FLOT. Naples Global Advisors LLC raised its position in shares of iShares Floating Rate Bond ETF by 3.9% in the first quarter. Naples Global Advisors LLC now owns 5,280 shares of the company’s stock worth $270,000 after acquiring an additional 200 shares during the period. Pine Valley Investments Ltd Liability Co raised its holdings in iShares Floating Rate Bond ETF by 1.5% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 14,136 shares of the company’s stock worth $722,000 after purchasing an additional 210 shares during the period. Schmidt P J Investment Management Inc. boosted its position in iShares Floating Rate Bond ETF by 4.4% during the second quarter. Schmidt P J Investment Management Inc. now owns 5,597 shares of the company’s stock worth $286,000 after purchasing an additional 235 shares in the last quarter. Spire Wealth Management grew its holdings in iShares Floating Rate Bond ETF by 3.5% in the second quarter. Spire Wealth Management now owns 6,994 shares of the company’s stock valued at $357,000 after purchasing an additional 236 shares during the period. Finally, Shira Ridge Wealth Management increased its position in shares of iShares Floating Rate Bond ETF by 0.3% in the first quarter. Shira Ridge Wealth Management now owns 77,018 shares of the company’s stock valued at $3,933,000 after buying an additional 258 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT opened at $50.97 on Thursday. The business’s 50 day moving average price is $50.94 and its 200-day moving average price is $50.96. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.26 per share. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 3rd.

iShares Floating Rate Bond ETF Company 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.