Obsidian Personal Planning Solutions LLC Purchases 14,937 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Obsidian Personal Planning Solutions LLC boosted its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,101 shares of the company’s stock after purchasing an additional 14,937 shares during the quarter. iShares Floating Rate Bond ETF comprises approximately 3.4% of Obsidian Personal Planning Solutions LLC’s investment portfolio, making the stock its 9th biggest position. Obsidian Personal Planning Solutions LLC owned about 0.09% of iShares Floating Rate Bond ETF worth $6,945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLOT. Pine Valley Investments Ltd Liability Co increased its stake in shares of iShares Floating Rate Bond ETF by 1.5% in the second quarter. Pine Valley Investments Ltd Liability Co now owns 14,136 shares of the company’s stock valued at $722,000 after buying an additional 210 shares during the period. Schmidt P J Investment Management Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF by 4.4% in the 2nd quarter. Schmidt P J Investment Management Inc. now owns 5,597 shares of the company’s stock worth $286,000 after purchasing an additional 235 shares in the last quarter. Spire Wealth Management grew its position in iShares Floating Rate Bond ETF by 3.5% in the 2nd quarter. Spire Wealth Management now owns 6,994 shares of the company’s stock valued at $357,000 after purchasing an additional 236 shares during the period. Western Financial Corp CA grew its position in iShares Floating Rate Bond ETF by 1.9% in the 3rd quarter. Western Financial Corp CA now owns 13,592 shares of the company’s stock valued at $694,000 after purchasing an additional 256 shares during the period. Finally, Schwab Charitable Fund grew its position in iShares Floating Rate Bond ETF by 1.0% in the 1st quarter. Schwab Charitable Fund now owns 27,106 shares of the company’s stock valued at $1,384,000 after purchasing an additional 265 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

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

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.26 per share. 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.

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.