PFG Advisors Raises Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

PFG Advisors grew its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 3.0% during the third quarter, Holdings Channel reports. The institutional investor owned 45,728 shares of the company’s stock after purchasing an additional 1,334 shares during the quarter. PFG Advisors’ holdings in iShares Floating Rate Bond ETF were worth $2,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $27,000. Pineridge Advisors LLC increased its holdings in iShares Floating Rate Bond ETF by 172.0% during the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after acquiring an additional 430 shares during the period. Opal Wealth Advisors LLC bought a new stake in iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $50,000. LRI Investments LLC bought a new stake in iShares Floating Rate Bond ETF during the 1st quarter worth approximately $82,000. Finally, Cranbrook Wealth Management LLC bought a new stake in iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $126,000.

iShares Floating Rate Bond ETF Stock Up 0.0 %

iShares Floating Rate Bond ETF stock opened at $50.92 on Thursday. The firm’s 50 day simple moving average is $50.93 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 announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.26 per share. The ex-dividend date 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.