Paces Ferry Wealth Advisors LLC Has $6.92 Million Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Paces Ferry Wealth Advisors LLC boosted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 135,361 shares of the company’s stock after acquiring an additional 9,484 shares during the period. iShares Floating Rate Bond ETF makes up approximately 4.2% of Paces Ferry Wealth Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Paces Ferry Wealth Advisors LLC owned 0.09% of iShares Floating Rate Bond ETF worth $6,916,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FLOT. Naples Global Advisors LLC grew its position in shares of iShares Floating Rate Bond ETF by 3.9% in the 1st quarter. Naples Global Advisors LLC now owns 5,280 shares of the company’s stock valued at $270,000 after purchasing an additional 200 shares during the period. Pine Valley Investments Ltd Liability Co raised its holdings in shares of iShares Floating Rate Bond ETF by 1.5% during the second quarter. Pine Valley Investments Ltd Liability Co now owns 14,136 shares of the company’s stock worth $722,000 after acquiring an additional 210 shares during the period. Schmidt P J Investment Management Inc. boosted its stake in iShares Floating Rate Bond ETF by 4.4% in the 2nd 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 during the period. Spire Wealth Management boosted its stake in iShares Floating Rate Bond ETF by 3.5% in the 2nd quarter. Spire Wealth Management now owns 6,994 shares of the company’s stock worth $357,000 after purchasing an additional 236 shares during the period. Finally, Shira Ridge Wealth Management raised its stake in shares of iShares Floating Rate Bond ETF by 0.3% in the 1st quarter. Shira Ridge Wealth Management now owns 77,018 shares of the company’s stock valued at $3,933,000 after purchasing an additional 258 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

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

iShares Floating Rate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.26 dividend. This is a boost 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.