Castle Rock Wealth Management LLC Raises Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Castle Rock Wealth Management LLC raised its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 8.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,172 shares of the company’s stock after acquiring an additional 13,975 shares during the period. iShares Floating Rate Bond ETF comprises approximately 2.2% of Castle Rock Wealth Management LLC’s investment portfolio, making the stock its 9th largest holding. Castle Rock Wealth Management LLC owned 0.12% of iShares Floating Rate Bond ETF worth $9,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in FLOT. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at $27,000. Pineridge Advisors LLC increased its position in shares of iShares Floating Rate Bond ETF by 172.0% during 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 last quarter. Opal Wealth Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF in the 2nd quarter worth about $50,000. LRI Investments LLC purchased a new stake in iShares Floating Rate Bond ETF in the 1st quarter worth about $82,000. Finally, Cranbrook Wealth Management LLC purchased a new stake in iShares Floating Rate Bond ETF in the 2nd quarter worth about $126,000.

iShares Floating Rate Bond ETF Trading Down 0.0 %

FLOT traded down $0.01 during trading hours on Friday, hitting $50.89. The stock had a trading volume of 1,320,317 shares. The company’s fifty day simple moving average is $50.91 and its 200 day simple moving average is $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 Increases Dividend

The company also recently disclosed 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 a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.