Flagstar Advisors Inc. Increases Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Flagstar Advisors Inc. raised its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 1.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 22,307 shares of the company’s stock after purchasing an additional 315 shares during the quarter. Flagstar Advisors Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,139,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers raised its position in iShares Floating Rate Bond ETF by 409.4% during the 1st quarter. Cetera Investment Advisers now owns 857,542 shares of the company’s stock valued at $43,786,000 after purchasing an additional 689,212 shares during the last quarter. Jane Street Group LLC boosted its holdings in iShares Floating Rate Bond ETF by 155.2% in the first quarter. Jane Street Group LLC now owns 872,495 shares of the company’s stock valued at $44,550,000 after acquiring an additional 530,610 shares in the last quarter. US Bancorp DE increased its position in iShares Floating Rate Bond ETF by 143.8% during the 3rd quarter. US Bancorp DE now owns 624,945 shares of the company’s stock valued at $31,897,000 after purchasing an additional 368,596 shares during the period. TRUE Private Wealth Advisors raised its holdings in iShares Floating Rate Bond ETF by 39.6% in the 2nd quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock worth $58,254,000 after purchasing an additional 323,386 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in iShares Floating Rate Bond ETF by 9.3% in the 2nd quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock worth $178,620,000 after purchasing an additional 298,003 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.0 %

Shares of FLOT opened at $51.04 on Friday. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10. The firm’s 50-day moving average price is $50.96 and its 200-day moving average price is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

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

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.