iShares Floating Rate Bond ETF (BATS:FLOT) Shares Bought by LJI Wealth Management LLC

LJI Wealth Management LLC increased its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 6.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 328,860 shares of the company’s stock after purchasing an additional 18,735 shares during the period. iShares Floating Rate Bond ETF accounts for about 3.7% of LJI Wealth Management LLC’s holdings, making the stock its 5th biggest holding. LJI Wealth Management LLC owned approximately 0.23% of iShares Floating Rate Bond ETF worth $16,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FLOT. Pineridge Advisors LLC raised its stake in shares of iShares Floating Rate Bond ETF by 172.0% during the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 430 shares during the period. Opal Wealth Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF during the 2nd quarter worth $50,000. LRI Investments LLC acquired a new position in iShares Floating Rate Bond ETF in the 1st quarter worth $82,000. Cove Street Capital LLC purchased a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at about $111,000. Finally, Cranbrook Wealth Management LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the second quarter valued at about $126,000.

iShares Floating Rate Bond ETF Stock Performance

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

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.26 per share. 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 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.