Miracle Mile Advisors LLC Acquires 1,991 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Miracle Mile Advisors LLC grew its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,006 shares of the company’s stock after acquiring an additional 1,991 shares during the quarter. Miracle Mile Advisors LLC owned about 0.05% of iShares Floating Rate Bond ETF worth $3,830,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Truist Financial Corp raised its holdings in shares of iShares Floating Rate Bond ETF by 5.0% during the 3rd quarter. Truist Financial Corp now owns 913,179 shares of the company’s stock valued at $46,472,000 after buying an additional 43,259 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at about $2,785,000. Ameriprise Financial Inc. raised its holdings in shares of 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 buying an additional 1,804,501 shares in the last quarter. KPP Advisory Services LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at about $226,000. Finally, Royal Bank of Canada raised its holdings in shares of iShares Floating Rate Bond ETF by 5.1% during the 3rd quarter. Royal Bank of Canada now owns 1,570,738 shares of the company’s stock valued at $79,934,000 after buying an additional 75,839 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS FLOT opened at $50.87 on Tuesday. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10. The stock’s 50-day moving average is $51.00 and its 200 day moving average is $50.90.

iShares Floating Rate Bond ETF Cuts Dividend

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

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.