Princeton Global Asset Management LLC Raises Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Princeton Global Asset Management LLC raised its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,753 shares of the company’s stock after buying an additional 787 shares during the quarter. Princeton Global Asset Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $3,040,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FLOT. Continental Investors Services Inc. grew 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 acquiring an additional 202 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of iShares Floating Rate Bond ETF by 1.5% in the 3rd 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 in the last quarter. Western Financial Corp CA grew its holdings in shares of iShares Floating Rate Bond ETF by 1.9% during the 3rd quarter. Western Financial Corp CA now owns 13,592 shares of the company’s stock valued at $694,000 after purchasing an additional 256 shares during the last quarter. Flagstar Advisors Inc. raised its position in iShares Floating Rate Bond ETF by 1.4% in the 3rd quarter. Flagstar Advisors Inc. now owns 22,307 shares of the company’s stock worth $1,139,000 after purchasing an additional 315 shares during the period. Finally, Summit Wealth Partners LLC lifted its stake in iShares Floating Rate Bond ETF by 7.6% in the third quarter. Summit Wealth Partners LLC now owns 4,492 shares of the company’s stock worth $229,000 after purchasing an additional 316 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock opened at $51.10 on Monday. The business has a 50-day moving average of $50.95 and a 200 day moving average of $50.95. 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 Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.2021 per share. The ex-dividend date of this dividend is Monday, February 3rd.

About iShares Floating Rate Bond ETF

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.