Forefront Analytics LLC Raises Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Forefront Analytics LLC increased its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 1.5% during the second quarter, Holdings Channel.com reports. The firm owned 21,697 shares of the company’s stock after acquiring an additional 323 shares during the quarter. Forefront Analytics LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,108,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FLOT. Scarborough Advisors LLC increased its position 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 during the period. Cetera Investment Advisers increased its position in shares of iShares Floating Rate Bond ETF by 409.4% in the first quarter. Cetera Investment Advisers now owns 857,542 shares of the company’s stock valued at $43,786,000 after acquiring an additional 689,212 shares during the period. Northern Trust Corp increased its position in shares of 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 valued at $218,203,000 after acquiring an additional 636,112 shares during the period. Jane Street Group LLC increased its position in shares of iShares Floating Rate Bond ETF by 155.2% in the first quarter. Jane Street Group LLC now owns 872,495 shares of the company’s stock valued at $44,550,000 after acquiring an additional 530,610 shares during the period. Finally, TRUE Private Wealth Advisors increased its position in shares of iShares Floating Rate Bond ETF by 39.6% in the second quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock valued at $58,254,000 after acquiring an additional 323,386 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $51.04 on Friday. The firm’s 50-day moving average price is $50.94 and its two-hundred day moving average price is $50.97. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10.

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 given a $0.26 dividend. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, September 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.