Arkadios Wealth Advisors Cuts Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Arkadios Wealth Advisors cut its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 15.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,946 shares of the company’s stock after selling 8,031 shares during the period. Arkadios Wealth Advisors’ holdings in iShares Floating Rate Bond ETF were worth $2,294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FLOT. Wealthcare Advisory Partners LLC purchased a new stake in iShares Floating Rate Bond ETF during the first quarter worth about $288,000. Vicus Capital raised its holdings in shares of iShares Floating Rate Bond ETF by 5.4% in the 1st quarter. Vicus Capital now owns 7,864 shares of the company’s stock worth $402,000 after purchasing an additional 400 shares during the period. Founders Financial Securities LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter worth approximately $222,000. SteelPeak Wealth LLC lifted its stake in iShares Floating Rate Bond ETF by 19.5% in the first quarter. SteelPeak Wealth LLC now owns 6,085 shares of the company’s stock valued at $311,000 after purchasing an additional 993 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its holdings in iShares Floating Rate Bond ETF by 2.7% during the first quarter. Miracle Mile Advisors LLC now owns 75,006 shares of the company’s stock valued at $3,830,000 after purchasing an additional 1,991 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $51.06 on Friday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The stock’s fifty day moving average price is $50.95 and its two-hundred day moving average price is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.26 dividend. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, September 3rd.

About iShares Floating Rate Bond ETF

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.