SteelPeak Wealth LLC Boosts Position in iShares Floating Rate Bond ETF (BATS:FLOT)

SteelPeak Wealth LLC boosted its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 19.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,085 shares of the company’s stock after buying an additional 993 shares during the quarter. SteelPeak Wealth LLC’s holdings in iShares Floating Rate Bond ETF were worth $311,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in iShares Floating Rate Bond ETF by 156.2% during the 3rd 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. Scarborough Advisors LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 1,437.5% in the fourth quarter. Scarborough Advisors LLC now owns 1,299,349 shares of the company’s stock valued at $65,773,000 after acquiring an additional 1,214,838 shares in the last quarter. Northern Trust Corp lifted its stake in iShares Floating Rate Bond ETF by 17.3% in the fourth quarter. Northern Trust Corp now owns 4,310,607 shares of the company’s stock worth $218,203,000 after acquiring an additional 636,112 shares during the period. Apollon Wealth Management LLC grew its holdings in iShares Floating Rate Bond ETF by 3,178.1% during the 4th quarter. Apollon Wealth Management LLC now owns 566,559 shares of the company’s stock worth $28,679,000 after acquiring an additional 549,276 shares in the last quarter. Finally, Angeles Investment Advisors LLC purchased a new position in iShares Floating Rate Bond ETF during the 4th quarter valued at about $20,881,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT opened at $51.09 on Monday. The company has a 50 day moving average price of $51.01 and a 200-day moving average price of $50.90. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be given a dividend of $0.2494 per share. The ex-dividend date of this dividend is Monday, July 1st.

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.