Private Client Services LLC Acquires New Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Private Client Services LLC bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,333 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pineridge Advisors LLC increased its stake in iShares Floating Rate Bond ETF by 172.0% in the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after buying an additional 430 shares during the period. Opal Wealth Advisors LLC acquired a new stake in iShares Floating Rate Bond ETF in the second quarter valued at about $50,000. LRI Investments LLC purchased a new stake in iShares Floating Rate Bond ETF in the 1st quarter valued at approximately $82,000. Cranbrook Wealth Management LLC acquired a new position in iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $126,000. Finally, Webster Bank N. A. purchased a new position in shares of iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $151,000.

iShares Floating Rate Bond ETF Stock Up 0.1 %

Shares of FLOT traded up $0.04 during mid-day trading on Friday, hitting $50.90. The company’s stock had a trading volume of 2,048,136 shares. The firm has a 50-day simple moving average of $50.93 and a 200 day simple moving average of $50.97. 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 firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.26 dividend. The ex-dividend date was Tuesday, September 3rd. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.