Sequoia Financial Advisors LLC Invests $305,000 in iShares Floating Rate Bond ETF (BATS:FLOT)

Sequoia Financial Advisors LLC purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,016 shares of the company’s stock, valued at approximately $305,000.

A number of other large investors have also recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in shares of iShares Floating Rate Bond ETF by 17,845.3% during the 1st quarter. Jane Street Group LLC now owns 13,189,239 shares of the company’s stock worth $664,606,000 after purchasing an additional 13,115,742 shares during the period. BlackRock Inc. boosted its stake in shares of iShares Floating Rate Bond ETF by 13.5% during the 1st quarter. BlackRock Inc. now owns 7,322,667 shares of the company’s stock worth $368,989,000 after purchasing an additional 869,248 shares during the period. Northern Trust Corp boosted its stake in shares of iShares Floating Rate Bond ETF by 24.0% during the 3rd quarter. Northern Trust Corp now owns 3,674,495 shares of the company’s stock worth $186,995,000 after purchasing an additional 712,205 shares during the period. LPL Financial LLC boosted its stake in shares of iShares Floating Rate Bond ETF by 5.3% during the 3rd quarter. LPL Financial LLC now owns 3,120,045 shares of the company’s stock worth $158,779,000 after purchasing an additional 156,029 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of iShares Floating Rate Bond ETF by 156.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,959,885 shares of the company’s stock worth $150,676,000 after purchasing an additional 1,804,501 shares during the period.

iShares Floating Rate Bond ETF Price Performance

iShares Floating Rate Bond ETF stock opened at $51.02 on Friday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The firm has a 50-day moving average of $50.94 and a two-hundred day moving average of $50.80.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.2559 dividend. The ex-dividend date was Monday, April 1st. This is a positive change 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.