Darden Wealth Group Inc Has $3.73 Million Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Darden Wealth Group Inc boosted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 5.5% in the third quarter, HoldingsChannel reports. The fund owned 73,132 shares of the company’s stock after purchasing an additional 3,784 shares during the quarter. iShares Floating Rate Bond ETF makes up 2.7% of Darden Wealth Group Inc’s portfolio, making the stock its 6th largest position. Darden Wealth Group Inc’s holdings in iShares Floating Rate Bond ETF were worth $3,733,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Csenge Advisory Group raised its holdings in shares of iShares Floating Rate Bond ETF by 3.1% in the second quarter. Csenge Advisory Group now owns 31,654 shares of the company’s stock worth $1,617,000 after buying an additional 953 shares during the last quarter. HTLF Bank acquired a new position in shares of iShares Floating Rate Bond ETF in the 2nd quarter valued at $301,000. Quadrature Capital Ltd purchased a new position in iShares Floating Rate Bond ETF in the 1st quarter worth $809,000. Lionsbridge Wealth Management LLC acquired a new stake in iShares Floating Rate Bond ETF during the 2nd quarter worth about $1,154,000. Finally, Principal Financial Group Inc. grew its stake in iShares Floating Rate Bond ETF by 79.2% during the 2nd quarter. Principal Financial Group Inc. now owns 42,075 shares of the company’s stock valued at $2,150,000 after purchasing an additional 18,600 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $51.02 on Friday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10. The stock’s 50-day simple moving average is $50.96 and its 200-day simple moving average is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

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

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.