New Wave Wealth Advisors LLC Takes Position in iShares Floating Rate Bond ETF (BATS:FLOT)

New Wave Wealth Advisors LLC bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 24,669 shares of the company’s stock, valued at approximately $1,260,000.

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

iShares Floating Rate Bond ETF Price Performance

Shares of iShares Floating Rate Bond ETF stock opened at $51.04 on Tuesday. The business’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 52-week low of $50.76 and a 52-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 given a $0.26 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

iShares Floating Rate Bond ETF 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.