Destination Wealth Management Buys 5,086 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Destination Wealth Management lifted its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 479,833 shares of the company’s stock after purchasing an additional 5,086 shares during the quarter. Destination Wealth Management owned about 0.33% of iShares Floating Rate Bond ETF worth $24,414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter worth approximately $728,000. Ethos Financial Group LLC purchased a new position in iShares Floating Rate Bond ETF in the 4th quarter worth approximately $352,000. Carmel Capital Partners LLC raised its holdings in iShares Floating Rate Bond ETF by 28.4% in the 4th quarter. Carmel Capital Partners LLC now owns 242,552 shares of the company’s stock worth $12,341,000 after acquiring an additional 53,674 shares during the last quarter. Black Swift Group LLC raised its holdings in iShares Floating Rate Bond ETF by 143.9% in the 4th quarter. Black Swift Group LLC now owns 11,770 shares of the company’s stock worth $599,000 after acquiring an additional 6,945 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in iShares Floating Rate Bond ETF in the 4th quarter worth approximately $43,863,000.

iShares Floating Rate Bond ETF Trading Down 0.1 %

Shares of FLOT opened at $50.91 on Friday. The firm 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 business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1912 per share. The ex-dividend date of this dividend was Monday, March 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.