NewEdge Advisors LLC Grows Position in iShares Floating Rate Bond ETF (BATS:FLOT)

NewEdge Advisors LLC increased its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 22.7% during the 2nd quarter, Holdings Channel reports. The fund owned 683,157 shares of the company’s stock after purchasing an additional 126,200 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $34,902,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Pineridge Advisors LLC boosted its stake in iShares Floating Rate Bond ETF by 172.0% during the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after purchasing an additional 430 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in iShares Floating Rate Bond ETF during the second quarter worth about $50,000. LRI Investments LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the 1st quarter worth approximately $82,000. Cranbrook Wealth Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the 2nd quarter valued at approximately $126,000. Finally, Webster Bank N. A. acquired a new position in iShares Floating Rate Bond ETF in the second quarter valued at approximately $151,000.

iShares Floating Rate Bond ETF Stock Up 0.0 %

Shares of iShares Floating Rate Bond ETF stock opened at $51.04 on Friday. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10. The business’s fifty day simple moving average is $50.94 and its 200-day simple moving average is $50.97.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given 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 Company 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.