Private Advisor Group LLC Acquires 1,035 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Private Advisor Group LLC boosted its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,769 shares of the company’s stock after buying an additional 1,035 shares during the period. Private Advisor Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $6,419,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC purchased a new stake in iShares Floating Rate Bond ETF in the third quarter worth about $27,000. Pineridge Advisors LLC lifted its holdings in iShares Floating Rate Bond ETF by 172.0% in the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after buying an additional 430 shares during the period. Eastern Bank purchased a new stake in iShares Floating Rate Bond ETF in the third quarter worth about $41,000. Opal Wealth Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF in the second quarter worth about $50,000. Finally, LRI Investments LLC purchased a new stake in iShares Floating Rate Bond ETF in the first quarter worth about $82,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $51.07 on Friday. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10. The company has a 50-day simple moving average of $50.95 and a two-hundred day simple moving average of $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 issued a dividend of $0.26 per share. This is a positive change 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.