Advisor Resource Council Invests $1.16 Million in iShares Floating Rate Bond ETF (BATS:FLOT)

Advisor Resource Council purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 22,976 shares of the company’s stock, valued at approximately $1,163,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Haverford Financial Services Inc. boosted its stake in shares of iShares Floating Rate Bond ETF by 3.6% during the 4th quarter. Haverford Financial Services Inc. now owns 5,962 shares of the company’s stock worth $302,000 after acquiring an additional 208 shares during the last quarter. Shira Ridge Wealth Management lifted its stake in shares of iShares Floating Rate Bond ETF by 0.3% during the 1st quarter. Shira Ridge Wealth Management now owns 77,018 shares of the company’s stock valued at $3,933,000 after buying an additional 258 shares in the last quarter. IPG Investment Advisors LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 6.7% during the 4th quarter. IPG Investment Advisors LLC now owns 4,900 shares of the company’s stock valued at $248,000 after buying an additional 307 shares in the last quarter. Breakwater Capital Group lifted its stake in shares of iShares Floating Rate Bond ETF by 2.3% during the 1st quarter. Breakwater Capital Group now owns 14,189 shares of the company’s stock valued at $724,000 after buying an additional 320 shares in the last quarter. Finally, Revisor Wealth Management LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 7.8% during the 4th quarter. Revisor Wealth Management LLC now owns 4,778 shares of the company’s stock valued at $242,000 after buying an additional 344 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT remained flat at $50.88 during trading hours on Thursday. 608,204 shares of the company were exchanged. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10. The company’s 50-day simple moving average is $51.00 and its 200-day simple moving average is $50.90.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be paid a dividend of $0.2494 per share. The ex-dividend date of this dividend is Monday, July 1st.

iShares Floating Rate Bond ETF Company 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.