Occidental Asset Management LLC Increases Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Occidental Asset Management LLC lifted its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 230,728 shares of the company’s stock after purchasing an additional 10,281 shares during the quarter. iShares Floating Rate Bond ETF comprises 2.2% of Occidental Asset Management LLC’s portfolio, making the stock its 12th biggest holding. Occidental Asset Management LLC owned about 0.16% of iShares Floating Rate Bond ETF worth $11,781,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hudson Portfolio Management LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 3.7% during the 3rd quarter. Hudson Portfolio Management LLC now owns 57,853 shares of the company’s stock worth $2,944,000 after acquiring an additional 2,050 shares during the last quarter. Truist Financial Corp lifted its stake in shares of iShares Floating Rate Bond ETF by 5.0% during the 3rd quarter. Truist Financial Corp now owns 913,179 shares of the company’s stock worth $46,472,000 after acquiring an additional 43,259 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $2,785,000. Ameriprise Financial Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 156.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,959,885 shares of the company’s stock worth $150,676,000 after acquiring an additional 1,804,501 shares during the last quarter. Finally, KPP Advisory Services LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $226,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock remained flat at $51.09 on Friday. The company had a trading volume of 1,093,812 shares. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10. The business has a 50 day moving average of $51.01 and a two-hundred day moving average of $50.90.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were given a dividend of $0.2589 per share. The ex-dividend date was Monday, June 3rd. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.26.

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.