Mcmorgan & Co. LLC Acquires 56,657 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Mcmorgan & Co. LLC increased its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 32.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,700 shares of the company’s stock after buying an additional 56,657 shares during the period. iShares Floating Rate Bond ETF accounts for about 1.9% of Mcmorgan & Co. LLC’s investment portfolio, making the stock its 13th biggest holding. Mcmorgan & Co. LLC owned approximately 0.16% of iShares Floating Rate Bond ETF worth $11,786,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FLOT. Toronto Dominion Bank acquired a new stake in shares of iShares Floating Rate Bond ETF during the second quarter worth $12,772,000. Semmax Financial Advisors Inc. boosted its holdings in iShares Floating Rate Bond ETF by 7.6% during the second quarter. Semmax Financial Advisors Inc. now owns 255,753 shares of the company’s stock worth $13,000,000 after buying an additional 18,100 shares during the last quarter. Certified Advisory Corp grew its position in shares of iShares Floating Rate Bond ETF by 16.5% during the 2nd quarter. Certified Advisory Corp now owns 10,575 shares of the company’s stock worth $540,000 after buying an additional 1,496 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of iShares Floating Rate Bond ETF by 5.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 70,867 shares of the company’s stock valued at $3,622,000 after acquiring an additional 3,696 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its position in shares of iShares Floating Rate Bond ETF by 1.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 766,924 shares of the company’s stock valued at $39,182,000 after acquiring an additional 13,421 shares during the period.

iShares Floating Rate Bond ETF Price Performance

iShares Floating Rate Bond ETF stock opened at $51.03 on Thursday. The company’s 50 day simple moving average is $50.94 and its 200 day simple moving average is $50.97. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.26 per share. 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.