MGB Wealth Management LLC Grows Position in iShares Floating Rate Bond ETF (BATS:FLOT)

MGB Wealth Management LLC boosted its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 43.1% during the 3rd quarter, Holdings Channel reports. The firm owned 19,836 shares of the company’s stock after acquiring an additional 5,975 shares during the quarter. MGB Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at $27,000. Darwin Wealth Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at $27,000. Pineridge Advisors LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 172.0% in 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. Eastern Bank purchased a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at $41,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the 2nd quarter valued at $50,000.

iShares Floating Rate Bond ETF Stock Up 0.0 %

FLOT stock opened at $51.04 on Friday. The firm’s fifty day simple moving average is $50.96 and its 200-day simple moving average is $50.96. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.26 dividend. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, September 3rd.

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.