Toronto Dominion Bank Acquires Shares of 250,000 iShares Floating Rate Bond ETF (BATS:FLOT)

Toronto Dominion Bank bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 250,000 shares of the company’s stock, valued at approximately $12,772,000.

Other institutional investors have also modified their holdings of 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 valued at $35,000 after acquiring an additional 430 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of iShares Floating Rate Bond ETF during the second quarter worth about $50,000. LRI Investments LLC acquired a new position in iShares Floating Rate Bond ETF in the first quarter worth about $82,000. Cove Street Capital LLC bought a new stake in iShares Floating Rate Bond ETF in the fourth quarter valued at about $111,000. Finally, Cranbrook Wealth Management LLC acquired a new stake in iShares Floating Rate Bond ETF during the second quarter valued at approximately $126,000.

iShares Floating Rate Bond ETF Trading Up 0.0 %

Shares of FLOT opened at $51.03 on Friday. 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 of $50.94 and a 200-day moving average of $50.97.

iShares Floating Rate Bond ETF Increases Dividend

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

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.