Transamerica Financial Advisors Inc. Purchases 26,504 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Transamerica Financial Advisors Inc. raised its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 140.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 45,379 shares of the company’s stock after purchasing an additional 26,504 shares during the period. Transamerica Financial Advisors Inc.’s holdings in iShares Floating Rate Bond ETF were worth $2,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC bought a new stake in iShares Floating Rate Bond ETF in the third quarter valued at about $27,000. Darwin Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at approximately $27,000. Pineridge Advisors LLC grew its stake in shares of iShares Floating Rate Bond ETF by 172.0% in the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 430 shares during the period. Eastern Bank acquired a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $41,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $50,000.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT traded down $0.01 during trading hours on Tuesday, reaching $51.03. The company had a trading volume of 974,890 shares. The stock has a 50-day moving average of $50.96 and a two-hundred day moving average of $50.96. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders 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.

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.