Ashton Thomas Private Wealth LLC Invests $728,000 in iShares Floating Rate Bond ETF (BATS:FLOT)

Ashton Thomas Private Wealth LLC purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, HoldingsChannel reports. The fund purchased 14,316 shares of the company’s stock, valued at approximately $728,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of iShares Floating Rate Bond ETF by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock worth $35,489,000 after buying an additional 91,686 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of iShares Floating Rate Bond ETF by 61.8% during the fourth quarter. Principal Financial Group Inc. now owns 32,850 shares of the company’s stock worth $1,671,000 after buying an additional 12,550 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,002 shares of the company’s stock worth $1,276,000 after buying an additional 502 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of iShares Floating Rate Bond ETF by 93.4% during the fourth quarter. Jones Financial Companies Lllp now owns 19,228 shares of the company’s stock worth $978,000 after buying an additional 9,287 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 55.6% during the fourth quarter. Kingsview Wealth Management LLC now owns 47,146 shares of the company’s stock worth $2,399,000 after buying an additional 16,856 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.0 %

Shares of BATS FLOT opened at $50.96 on Monday. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The company has a 50-day simple moving average of $50.98 and a 200-day simple moving average of $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.1912 dividend. The ex-dividend date of this dividend was Monday, March 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.