Advisor Resource Council Grows Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Advisor Resource Council boosted its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 78.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 37,974 shares of the company’s stock after buying an additional 16,698 shares during the period. iShares Floating Rate Bond ETF accounts for approximately 0.9% of Advisor Resource Council’s holdings, making the stock its 21st biggest position. Advisor Resource Council’s holdings in iShares Floating Rate Bond ETF were worth $1,938,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FLOT. Pine Valley Investments Ltd Liability Co lifted its position in shares of iShares Floating Rate Bond ETF by 1.5% in the second quarter. Pine Valley Investments Ltd Liability Co now owns 14,136 shares of the company’s stock worth $722,000 after buying an additional 210 shares in the last quarter. Schmidt P J Investment Management Inc. lifted its position in shares of iShares Floating Rate Bond ETF by 4.4% in the 2nd quarter. Schmidt P J Investment Management Inc. now owns 5,597 shares of the company’s stock worth $286,000 after purchasing an additional 235 shares during the period. Spire Wealth Management boosted its stake in iShares Floating Rate Bond ETF by 3.5% in the second quarter. Spire Wealth Management now owns 6,994 shares of the company’s stock valued at $357,000 after acquiring an additional 236 shares in the last quarter. Western Financial Corp CA boosted its stake in iShares Floating Rate Bond ETF by 1.9% in the 3rd quarter. Western Financial Corp CA now owns 13,592 shares of the company’s stock worth $694,000 after purchasing an additional 256 shares in the last quarter. Finally, Schwab Charitable Fund raised its stake in iShares Floating Rate Bond ETF by 1.0% in the 1st quarter. Schwab Charitable Fund now owns 27,106 shares of the company’s stock worth $1,384,000 after acquiring an additional 265 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of iShares Floating Rate Bond ETF stock opened at $50.91 on Thursday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The firm has a fifty day moving average price of $50.94 and a 200 day moving average price of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently declared 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.