PFG Advisors Buys 1,285 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

PFG Advisors boosted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,013 shares of the company’s stock after buying an additional 1,285 shares during the period. PFG Advisors’ holdings in iShares Floating Rate Bond ETF were worth $2,392,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FLOT. HighTower Advisors LLC raised its position in iShares Floating Rate Bond ETF by 43.7% during the fourth quarter. HighTower Advisors LLC now owns 465,264 shares of the company’s stock valued at $23,673,000 after purchasing an additional 141,391 shares in the last quarter. Independent Advisor Alliance purchased a new stake in iShares Floating Rate Bond ETF during the fourth quarter valued at about $3,456,000. Sowell Financial Services LLC raised its position in iShares Floating Rate Bond ETF by 20.3% during the fourth quarter. Sowell Financial Services LLC now owns 45,903 shares of the company’s stock valued at $2,336,000 after purchasing an additional 7,732 shares in the last quarter. Rialto Wealth Management LLC purchased a new stake in iShares Floating Rate Bond ETF during the fourth quarter valued at about $533,000. Finally, Jackson Creek Investment Advisors LLC raised its position in iShares Floating Rate Bond ETF by 7.5% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 25,340 shares of the company’s stock valued at $1,289,000 after purchasing an additional 1,766 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT opened at $50.95 on Thursday. The stock’s 50-day moving average is $50.98 and its 200 day 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 Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1912 per share. The ex-dividend date of this dividend was Monday, March 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.