Bleakley Financial Group LLC Takes Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Bleakley Financial Group LLC bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 60,811 shares of the company’s stock, valued at approximately $3,104,000.

Other hedge funds have also recently bought and sold shares of the company. Naples Global Advisors LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 3.9% in the first quarter. Naples Global Advisors LLC now owns 5,280 shares of the company’s stock valued at $270,000 after purchasing an additional 200 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in iShares Floating Rate Bond ETF by 1.5% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 14,136 shares of the company’s stock valued at $722,000 after acquiring an additional 210 shares in the last quarter. Schmidt P J Investment Management Inc. boosted its position in iShares Floating Rate Bond ETF by 4.4% during the 2nd quarter. Schmidt P J Investment Management Inc. now owns 5,597 shares of the company’s stock worth $286,000 after acquiring an additional 235 shares during the last quarter. Spire Wealth Management grew its stake 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 raised its holdings in shares of iShares Floating Rate Bond ETF by 0.3% in the first quarter. Shira Ridge Wealth Management now owns 77,018 shares of the company’s stock valued at $3,933,000 after purchasing an additional 258 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $50.97 on Friday. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The firm has a fifty day simple moving average of $50.93 and a 200 day simple moving average of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

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