iShares Floating Rate Bond ETF (BATS:FLOT) Holdings Boosted by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 43.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 465,264 shares of the company’s stock after purchasing an additional 141,391 shares during the period. HighTower Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $23,673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FLOT. Principal Financial Group Inc. lifted its stake in iShares Floating Rate Bond ETF by 61.8% in the 4th quarter. Principal Financial Group Inc. now owns 32,850 shares of the company’s stock worth $1,671,000 after acquiring an additional 12,550 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of iShares Floating Rate Bond ETF by 93.4% in the fourth quarter. Jones Financial Companies Lllp now owns 19,228 shares of the company’s stock worth $978,000 after purchasing an additional 9,287 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares Floating Rate Bond ETF by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock worth $35,489,000 after purchasing an additional 91,686 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in 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 purchasing an additional 502 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in iShares Floating Rate Bond ETF by 55.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 47,146 shares of the company’s stock valued at $2,399,000 after buying an additional 16,856 shares during the period.

iShares Floating Rate Bond ETF Trading Down 0.0 %

FLOT stock opened at $50.96 on Friday. The company has a 50 day moving average of $50.99 and a two-hundred day moving average of $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 Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.1912 per share. The ex-dividend date of this dividend was Monday, March 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.