Guidance Capital Inc. Boosts Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Guidance Capital Inc. lifted its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 9.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,157 shares of the company’s stock after acquiring an additional 8,782 shares during the quarter. iShares Floating Rate Bond ETF accounts for approximately 1.5% of Guidance Capital Inc.’s holdings, making the stock its 14th largest position. Guidance Capital Inc. owned 0.07% of iShares Floating Rate Bond ETF worth $4,950,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC grew its position in shares of iShares Floating Rate Bond ETF by 0.8% in the 3rd quarter. Private Advisor Group LLC now owns 125,769 shares of the company’s stock worth $6,419,000 after acquiring an additional 1,035 shares in the last quarter. Eastern Bank acquired a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $41,000. Argus Investors Counsel Inc. grew its position in shares of iShares Floating Rate Bond ETF by 4.3% in the 3rd quarter. Argus Investors Counsel Inc. now owns 9,607 shares of the company’s stock worth $490,000 after acquiring an additional 398 shares in the last quarter. Financial Life Advisors grew its position in shares of iShares Floating Rate Bond ETF by 9.6% in the 3rd quarter. Financial Life Advisors now owns 4,932 shares of the company’s stock worth $252,000 after acquiring an additional 431 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $651,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT traded up $0.02 during mid-day trading on Wednesday, hitting $50.98. The stock had a trading volume of 518,152 shares. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10. The company’s fifty day simple moving average is $50.94 and its two-hundred day simple moving average is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued 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.

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.