Rialto Wealth Management LLC Purchases New Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Rialto Wealth Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,468 shares of the company’s stock, valued at approximately $533,000.

A number of other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF by 31.0% during the 3rd quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock worth $240,430,000 after acquiring an additional 1,118,243 shares during the period. Proficio Capital Partners LLC raised its position in iShares Floating Rate Bond ETF by 2,108.2% during the fourth quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock valued at $231,716,000 after purchasing an additional 4,347,920 shares in the last quarter. New York Life Investment Management LLC lifted its stake in iShares Floating Rate Bond ETF by 12.8% during the fourth quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock worth $155,445,000 after purchasing an additional 347,836 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 15.6% in the 4th quarter. DAVENPORT & Co LLC now owns 1,284,553 shares of the company’s stock valued at $65,358,000 after purchasing an additional 172,943 shares in the last quarter. Finally, Haverford Trust Co increased its stake in shares of iShares Floating Rate Bond ETF by 1.4% in the 3rd quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock valued at $59,608,000 after purchasing an additional 16,112 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

iShares Floating Rate Bond ETF stock opened at $50.96 on Friday. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10. The stock has a fifty day moving average of $50.98 and a 200-day moving average of $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a $0.1912 dividend. 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.