iShares Floating Rate Bond ETF (BATS:FLOT) Stake Raised by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC raised its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 5.4% during the 4th quarter, HoldingsChannel reports. The fund owned 21,165 shares of the company’s stock after purchasing an additional 1,086 shares during the period. Avidian Wealth Solutions LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,071,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FLOT. Ameriprise Financial Inc. grew its position in iShares Floating Rate Bond ETF by 156.2% during the third quarter. Ameriprise Financial Inc. now owns 2,959,885 shares of the company’s stock valued at $150,676,000 after purchasing an additional 1,804,501 shares in the last quarter. Northern Trust Corp boosted its stake in shares of iShares Floating Rate Bond ETF by 24.0% during the 3rd quarter. Northern Trust Corp now owns 3,674,495 shares of the company’s stock valued at $186,995,000 after buying an additional 712,205 shares during the period. TRUE Private Wealth Advisors purchased a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at $29,553,000. Cape Cod Five Cents Savings Bank increased its position in iShares Floating Rate Bond ETF by 103.7% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 840,858 shares of the company’s stock worth $42,791,000 after purchasing an additional 427,981 shares during the last quarter. Finally, Greystone Financial Group LLC increased its position in iShares Floating Rate Bond ETF by 7,095.7% in the 3rd quarter. Greystone Financial Group LLC now owns 302,077 shares of the company’s stock worth $15,373,000 after purchasing an additional 297,879 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.0 %

Shares of iShares Floating Rate Bond ETF stock traded up $0.02 during trading on Friday, hitting $50.90. 942,290 shares of the stock traded hands. The company has a fifty day moving average price of $50.96 and a two-hundred day moving average price of $50.82. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.2559 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.