Wrapmanager Inc. Has $2.34 Million Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Wrapmanager Inc. boosted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 22.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,794 shares of the company’s stock after acquiring an additional 8,291 shares during the period. Wrapmanager Inc.’s holdings in iShares Floating Rate Bond ETF were worth $2,337,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FLOT. Cetera Investment Advisers raised its position in shares of iShares Floating Rate Bond ETF by 409.4% during the first quarter. Cetera Investment Advisers now owns 857,542 shares of the company’s stock valued at $43,786,000 after buying an additional 689,212 shares during the last quarter. Jane Street Group LLC raised its position in shares of iShares Floating Rate Bond ETF by 155.2% during the first quarter. Jane Street Group LLC now owns 872,495 shares of the company’s stock valued at $44,550,000 after buying an additional 530,610 shares during the last quarter. US Bancorp DE raised its position in shares of iShares Floating Rate Bond ETF by 143.8% during the third quarter. US Bancorp DE now owns 624,945 shares of the company’s stock valued at $31,897,000 after buying an additional 368,596 shares during the last quarter. TRUE Private Wealth Advisors raised its position in shares of iShares Floating Rate Bond ETF by 39.6% during the second quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock valued at $58,254,000 after buying an additional 323,386 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of iShares Floating Rate Bond ETF by 9.3% during the second quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock valued at $178,620,000 after buying an additional 298,003 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.0 %

Shares of FLOT opened at $50.98 on Tuesday. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10. The company has a 50-day simple moving average of $50.95 and a 200-day simple moving average of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently declared 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 of this dividend was Tuesday, September 3rd. This is a positive change 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.