Private Wealth Partners LLC Boosts Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Private Wealth Partners LLC raised its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 15.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,000 shares of the company’s stock after buying an additional 2,000 shares during the period. Private Wealth Partners LLC’s holdings in iShares Floating Rate Bond ETF were worth $759,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF by 195.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock worth $33,000 after acquiring an additional 434 shares during the period. Planned Solutions Inc. acquired a new stake in iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $33,000. Farmers & Merchants Trust Co of Chambersburg PA grew its position in iShares Floating Rate Bond ETF by 64.2% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after acquiring an additional 550 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in iShares Floating Rate Bond ETF in the third quarter valued at approximately $76,000. Finally, NBC Securities Inc. acquired a new stake in iShares Floating Rate Bond ETF in the third quarter valued at approximately $146,000.

iShares Floating Rate Bond ETF Stock Down 0.0 %

BATS:FLOT traded down $0.01 during trading hours on Friday, hitting $51.04. The stock had a trading volume of 1,485,999 shares. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10. The business has a 50 day simple moving average of $50.96 and a two-hundred day simple moving average of $50.81.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.2559 per share. The ex-dividend date of this dividend was Monday, April 1st. 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.