Wealthstar Advisors LLC Buys Shares of 4,407 iShares Floating Rate Bond ETF (BATS:FLOT)

Wealthstar Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, HoldingsChannel reports. The firm purchased 4,407 shares of the company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FLOT. JPMorgan Chase & Co. grew its holdings in iShares Floating Rate Bond ETF by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock valued at $35,489,000 after buying an additional 91,686 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of iShares Floating Rate Bond ETF by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,002 shares of the company’s stock valued at $1,276,000 after acquiring an additional 502 shares during the last quarter. Sanctuary Advisors LLC increased its position in iShares Floating Rate Bond ETF by 14.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 103,726 shares of the company’s stock worth $5,294,000 after purchasing an additional 12,859 shares in the last quarter. Atria Investments Inc raised its stake in iShares Floating Rate Bond ETF by 65.0% in the 3rd quarter. Atria Investments Inc now owns 15,177 shares of the company’s stock valued at $775,000 after purchasing an additional 5,979 shares during the last quarter. Finally, TCP Asset Management LLC lifted its holdings in iShares Floating Rate Bond ETF by 15.7% in the 3rd quarter. TCP Asset Management LLC now owns 346,641 shares of the company’s stock valued at $17,693,000 after purchasing an additional 47,061 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.0 %

Shares of BATS FLOT opened at $50.96 on Monday. The company has a 50-day simple moving average of $50.94 and a 200-day simple moving average of $50.94. 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 Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.2021 dividend. The ex-dividend date was Monday, February 3rd.

iShares Floating Rate Bond ETF Company 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.