BTS Asset Management Inc. Has $991,000 Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

BTS Asset Management Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 132.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,407 shares of the company’s stock after acquiring an additional 11,062 shares during the quarter. iShares Floating Rate Bond ETF makes up approximately 0.9% of BTS Asset Management Inc.’s portfolio, making the stock its 6th largest holding. BTS Asset Management Inc.’s holdings in iShares Floating Rate Bond ETF were worth $991,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FLOT. Csenge Advisory Group raised its holdings in shares of iShares Floating Rate Bond ETF by 3.1% during the 2nd quarter. Csenge Advisory Group now owns 31,654 shares of the company’s stock valued at $1,617,000 after purchasing an additional 953 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in iShares Floating Rate Bond ETF by 12.5% during the first quarter. Sequoia Financial Advisors LLC now owns 6,771 shares of the company’s stock valued at $346,000 after buying an additional 755 shares in the last quarter. HTLF Bank acquired a new stake in shares of iShares Floating Rate Bond ETF in the second quarter worth about $301,000. Quadrature Capital Ltd bought a new stake in shares of iShares Floating Rate Bond ETF during the 1st quarter worth about $809,000. Finally, Lionsbridge Wealth Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the 2nd quarter valued at about $1,154,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $51.00 on Thursday. The stock’s 50 day simple moving average is $50.94 and its 200 day simple moving average is $50.96. 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 company also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.26 dividend. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, September 3rd.

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.