Oppenheimer & Co. Inc. Raises Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Oppenheimer & Co. Inc. raised its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 136,647 shares of the company’s stock after purchasing an additional 5,577 shares during the quarter. Oppenheimer & Co. Inc. owned 0.10% of iShares Floating Rate Bond ETF worth $6,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLOT. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at approximately $27,000. Pineridge Advisors LLC increased its holdings in 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 buying an additional 430 shares in the last quarter. Eastern Bank acquired a new position in shares of iShares Floating Rate Bond ETF in the third quarter worth about $41,000. Opal Wealth Advisors LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the second quarter worth about $50,000. Finally, LRI Investments LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the 1st quarter worth about $82,000.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $50.97 on Thursday. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10. The stock’s 50-day moving average price is $50.94 and its 200-day moving average price is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.26 dividend. This is a positive change 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.