iShares Floating Rate Bond ETF (BATS:FLOT) Shares Purchased by Single Point Partners LLC

Single Point Partners LLC grew its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 7.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 148,964 shares of the company’s stock after purchasing an additional 10,126 shares during the period. iShares Floating Rate Bond ETF comprises about 11.7% of Single Point Partners LLC’s portfolio, making the stock its 3rd largest position. Single Point Partners LLC owned approximately 0.10% of iShares Floating Rate Bond ETF worth $7,603,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Kades & Cheifetz LLC increased its position in shares of iShares Floating Rate Bond ETF by 6.3% during the third quarter. Kades & Cheifetz LLC now owns 35,230 shares of the company’s stock worth $1,798,000 after acquiring an additional 2,080 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 38.7% in the 2nd quarter. Centaurus Financial Inc. now owns 15,569 shares of the company’s stock valued at $795,000 after purchasing an additional 4,344 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the second quarter valued at about $4,638,000. New Wave Wealth Advisors LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the second quarter worth about $1,260,000. Finally, Cetera Investment Advisers boosted its position in shares of iShares Floating Rate Bond ETF by 13.8% during the second quarter. Cetera Investment Advisers now owns 975,934 shares of the company’s stock worth $49,860,000 after buying an additional 118,392 shares during the period.

iShares Floating Rate Bond ETF Price Performance

Shares of iShares Floating Rate Bond ETF stock opened at $50.86 on Friday. The business’s 50 day simple moving average is $50.93 and its 200 day simple moving average is $50.97. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently declared 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 positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, September 3rd.

About iShares Floating Rate Bond ETF

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.