TRUE Private Wealth Advisors Boosts Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

TRUE Private Wealth Advisors grew its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 40.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 815,486 shares of the company’s stock after buying an additional 234,758 shares during the quarter. iShares Floating Rate Bond ETF makes up 5.2% of TRUE Private Wealth Advisors’ holdings, making the stock its 4th biggest holding. TRUE Private Wealth Advisors’ holdings in iShares Floating Rate Bond ETF were worth $41,280,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of iShares Floating Rate Bond ETF by 122.7% during the first quarter. Bank of New York Mellon Corp now owns 112,302 shares of the company’s stock worth $5,674,000 after purchasing an additional 61,884 shares during the period. Roundview Capital LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 19.2% during the first quarter. Roundview Capital LLC now owns 121,500 shares of the company’s stock worth $6,138,000 after purchasing an additional 19,580 shares during the period. Citigroup Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF by 976.0% during the first quarter. Citigroup Inc. now owns 3,228 shares of the company’s stock worth $163,000 after purchasing an additional 2,928 shares during the period. Bank of Montreal Can lifted its holdings in shares of iShares Floating Rate Bond ETF by 9.0% during the first quarter. Bank of Montreal Can now owns 118,015 shares of the company’s stock worth $5,983,000 after purchasing an additional 9,772 shares during the period. Finally, Cibc World Market Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF by 126.2% during the first quarter. Cibc World Market Inc. now owns 81,715 shares of the company’s stock worth $4,128,000 after purchasing an additional 45,589 shares during the period.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT traded up $0.02 during mid-day trading on Wednesday, reaching $50.97. 1,763,165 shares of the company’s stock were exchanged. The business’s fifty day moving average price is $50.93 and its 200-day moving average price is $50.80. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10.

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 dividend of $0.2559 per share. 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 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.