iShares Floating Rate Bond ETF (BATS:FLOT) is Semmax Financial Advisors Inc.’s Largest Position

Semmax Financial Advisors Inc. raised its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 7.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,753 shares of the company’s stock after purchasing an additional 18,100 shares during the quarter. iShares Floating Rate Bond ETF accounts for approximately 3.9% of Semmax Financial Advisors Inc.’s portfolio, making the stock its largest position. Semmax Financial Advisors Inc. owned about 0.18% of iShares Floating Rate Bond ETF worth $13,000,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FLOT. Naples Global Advisors LLC increased its position in shares of iShares Floating Rate Bond ETF by 3.9% during the first quarter. Naples Global Advisors LLC now owns 5,280 shares of the company’s stock worth $270,000 after acquiring an additional 200 shares during the period. Pine Valley Investments Ltd Liability Co grew its stake in shares of iShares Floating Rate Bond ETF by 1.5% during the second quarter. Pine Valley Investments Ltd Liability Co now owns 14,136 shares of the company’s stock worth $722,000 after purchasing an additional 210 shares in the last quarter. Schmidt P J Investment Management Inc. raised its stake in iShares Floating Rate Bond ETF by 4.4% in the second quarter. Schmidt P J Investment Management Inc. now owns 5,597 shares of the company’s stock valued at $286,000 after buying an additional 235 shares in the last quarter. Spire Wealth Management boosted its position in shares of iShares Floating Rate Bond ETF by 3.5% during the 2nd quarter. Spire Wealth Management now owns 6,994 shares of the company’s stock worth $357,000 after acquiring an additional 236 shares in the last quarter. Finally, Shira Ridge Wealth Management increased its holdings in shares of iShares Floating Rate Bond ETF by 0.3% in the 1st quarter. Shira Ridge Wealth Management now owns 77,018 shares of the company’s stock valued at $3,933,000 after acquiring an additional 258 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.0 %

Shares of FLOT opened at $51.00 on Tuesday. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10. The stock has a 50 day moving average price of $50.94 and a 200 day moving average price of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.26 per share. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.