Sowell Financial Services LLC Raises Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Sowell Financial Services LLC boosted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 20.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,903 shares of the company’s stock after acquiring an additional 7,732 shares during the period. Sowell Financial Services LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,336,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FLOT. Continental Investors Services Inc. lifted its position in iShares Floating Rate Bond ETF by 2.6% during the third quarter. Continental Investors Services Inc. now owns 7,884 shares of the company’s stock valued at $401,000 after purchasing an additional 202 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in iShares Floating Rate Bond ETF by 1.5% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,350 shares of the company’s stock valued at $732,000 after purchasing an additional 214 shares during the last quarter. Y.D. More Investments Ltd lifted its position in iShares Floating Rate Bond ETF by 1.2% during the fourth quarter. Y.D. More Investments Ltd now owns 21,150 shares of the company’s stock valued at $1,076,000 after purchasing an additional 250 shares during the last quarter. Legacy Capital Wealth Partners LLC lifted its position in iShares Floating Rate Bond ETF by 0.5% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 52,254 shares of the company’s stock valued at $2,659,000 after purchasing an additional 255 shares during the last quarter. Finally, Flagstar Advisors Inc. lifted its position in iShares Floating Rate Bond ETF by 1.4% during the third quarter. Flagstar Advisors Inc. now owns 22,307 shares of the company’s stock valued at $1,139,000 after purchasing an additional 315 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.0 %

Shares of iShares Floating Rate Bond ETF stock opened at $50.96 on Monday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The company has a 50 day simple moving average of $50.98 and a two-hundred day simple moving average of $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently disclosed 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.