Independent Solutions Wealth Management LLC Purchases 32,734 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Independent Solutions Wealth Management LLC increased its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 224.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,296 shares of the company’s stock after acquiring an additional 32,734 shares during the period. Independent Solutions Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,406,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FLOT. Prospera Financial Services Inc increased its stake in shares of iShares Floating Rate Bond ETF by 233.3% in the third quarter. Prospera Financial Services Inc now owns 15,579 shares of the company’s stock valued at $795,000 after buying an additional 10,905 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in iShares Floating Rate Bond ETF by 28.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 7,455 shares of the company’s stock worth $381,000 after acquiring an additional 1,658 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in iShares Floating Rate Bond ETF in the 3rd quarter valued at about $27,000. Trustmark National Bank Trust Department raised its stake in shares of iShares Floating Rate Bond ETF by 1.6% in the third quarter. Trustmark National Bank Trust Department now owns 664,437 shares of the company’s stock worth $33,913,000 after acquiring an additional 10,464 shares during the last quarter. Finally, Darden Wealth Group Inc raised its stake in shares of iShares Floating Rate Bond ETF by 5.5% in the third quarter. Darden Wealth Group Inc now owns 73,132 shares of the company’s stock worth $3,733,000 after acquiring an additional 3,784 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $51.00 on Friday. The company’s 50 day simple moving average is $50.99 and its 200-day simple moving average is $50.95. iShares Floating Rate Bond ETF has a one year low of $50.28 and a one year high of $51.16.

iShares Floating Rate Bond ETF Cuts Dividend

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