PFG Advisors Raises Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

PFG Advisors lifted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,013 shares of the company’s stock after acquiring an additional 1,285 shares during the quarter. PFG Advisors’ holdings in iShares Floating Rate Bond ETF were worth $2,392,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. HighTower Advisors LLC increased its position in shares of iShares Floating Rate Bond ETF by 43.7% during the fourth quarter. HighTower Advisors LLC now owns 465,264 shares of the company’s stock valued at $23,673,000 after acquiring an additional 141,391 shares during the last quarter. Independent Advisor Alliance purchased a new stake in iShares Floating Rate Bond ETF in the fourth quarter worth $3,456,000. Sowell Financial Services LLC increased its position in iShares Floating Rate Bond ETF by 20.3% in the fourth quarter. Sowell Financial Services LLC now owns 45,903 shares of the company’s stock worth $2,336,000 after buying an additional 7,732 shares during the last quarter. Rialto Wealth Management LLC purchased a new stake in iShares Floating Rate Bond ETF in the fourth quarter worth $533,000. Finally, Jackson Creek Investment Advisors LLC increased its position in iShares Floating Rate Bond ETF by 7.5% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 25,340 shares of the company’s stock worth $1,289,000 after buying an additional 1,766 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $50.95 on Thursday. The business has a fifty day simple moving average of $50.98 and a two-hundred day simple moving average of $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 Cuts Dividend

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