Cetera Investment Advisers Buys 118,392 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Cetera Investment Advisers lifted its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 13.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 975,934 shares of the company’s stock after purchasing an additional 118,392 shares during the period. Cetera Investment Advisers owned 0.68% of iShares Floating Rate Bond ETF worth $49,860,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Focus Financial Network Inc. ADV bought a new position in iShares Floating Rate Bond ETF in the fourth quarter worth $272,000. Cetera Advisor Networks LLC grew its position in shares of iShares Floating Rate Bond ETF by 12.6% in the 4th quarter. Cetera Advisor Networks LLC now owns 452,447 shares of the company’s stock worth $22,903,000 after buying an additional 50,526 shares during the period. 1832 Asset Management L.P. increased its stake in shares of iShares Floating Rate Bond ETF by 5.8% in the 4th quarter. 1832 Asset Management L.P. now owns 767,768 shares of the company’s stock worth $38,864,000 after acquiring an additional 41,983 shares in the last quarter. Northern Trust Corp lifted its position in iShares Floating Rate Bond ETF by 17.3% during the 4th quarter. Northern Trust Corp now owns 4,310,607 shares of the company’s stock valued at $218,203,000 after acquiring an additional 636,112 shares during the period. Finally, Elevate Wealth Advisory Inc. bought a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth about $394,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $50.82 on Wednesday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10. The firm’s 50-day simple moving average is $50.94 and its two-hundred day simple moving average is $50.97.

iShares Floating Rate Bond ETF Increases Dividend

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

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.