Sax Wealth Advisors LLC Has $4.48 Million Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Sax Wealth Advisors LLC lifted its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,742 shares of the company’s stock after buying an additional 3,918 shares during the quarter. Sax Wealth Advisors LLC owned about 0.06% of iShares Floating Rate Bond ETF worth $4,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Moisand Fitzgerald Tamayo LLC acquired a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth $27,000. Pineridge Advisors LLC boosted its position in shares of iShares Floating Rate Bond ETF by 172.0% in the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after acquiring an additional 430 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the second quarter worth $50,000. LRI Investments LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the first quarter worth $82,000. Finally, Cranbrook Wealth Management LLC acquired a new position in iShares Floating Rate Bond ETF during the 2nd quarter valued at $126,000.

iShares Floating Rate Bond ETF Trading Up 0.3 %

BATS FLOT opened at $50.94 on Friday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The firm has a 50-day simple moving average of $50.93 and a 200 day simple moving average of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

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