Cranbrook Wealth Management LLC Purchases Shares of 2,463 iShares Floating Rate Bond ETF (BATS:FLOT)

Cranbrook Wealth Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,463 shares of the company’s stock, valued at approximately $126,000.

Other institutional investors have also recently made changes to their positions in the company. Csenge Advisory Group raised its position in shares of iShares Floating Rate Bond ETF by 3.1% in the second quarter. Csenge Advisory Group now owns 31,654 shares of the company’s stock worth $1,617,000 after acquiring an additional 953 shares during the period. Park Avenue Securities LLC raised its holdings in iShares Floating Rate Bond ETF by 47.8% in the 1st quarter. Park Avenue Securities LLC now owns 30,116 shares of the company’s stock worth $1,538,000 after purchasing an additional 9,736 shares during the period. Quantitative Strategies Inc. boosted its position in iShares Floating Rate Bond ETF by 0.8% during the fourth quarter. Quantitative Strategies Inc. now owns 158,095 shares of the company’s stock worth $8,003,000 after purchasing an additional 1,209 shares in the last quarter. IPG Investment Advisors LLC grew its holdings in iShares Floating Rate Bond ETF by 6.7% in the fourth quarter. IPG Investment Advisors LLC now owns 4,900 shares of the company’s stock valued at $248,000 after purchasing an additional 307 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in shares of iShares Floating Rate Bond ETF by 12.5% in the first quarter. Sequoia Financial Advisors LLC now owns 6,771 shares of the company’s stock valued at $346,000 after buying an additional 755 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.0 %

Shares of FLOT stock opened at $50.93 on Tuesday. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10. The stock has a 50 day simple moving average of $50.94 and a 200-day simple moving average of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, September 3rd. This is a boost 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.