NewEdge Advisors LLC Increases Position in iShares Floating Rate Bond ETF (BATS:FLOT)

NewEdge Advisors LLC raised its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 22.7% during the 2nd quarter, Holdings Channel reports. The fund owned 683,157 shares of the company’s stock after buying an additional 126,200 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $34,902,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pineridge Advisors LLC raised its stake in iShares Floating Rate Bond ETF by 172.0% in the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after buying an additional 430 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF during the second quarter valued at approximately $50,000. LRI Investments LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the first quarter worth about $82,000. Cranbrook Wealth Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the second quarter valued at about $126,000. Finally, Webster Bank NA acquired a new position in iShares Floating Rate Bond ETF in the second quarter valued at about $151,000.

iShares Floating Rate Bond Stock ETF Up 0.0%

Shares of iShares Floating Rate Bond ETF stock opened at $51.04 on Friday. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10. The company’s fifty-day simple moving average is $50.94, and its 200-day simple moving average is $50.97.

iShares Floating Rate Bond ETF Raises Dividends

The company also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.26 per share. This is a positive change from the iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 3rd.

Company Profile for iShares Floating Rate Bond ETF

(Free Report)

The iShares Floating Rate Bond ETF (FLOT) is an exchange-traded fund that invests largely in investment-grade fixed income. The fund tracks a market value-weighted market index of USD-denominated investment grade floating rate notes with maturities of 0-5 years. FLOT was launched on June 14, 2011 and is managed by BlackRock.

Further reading

Want to see what other hedge funds own FLOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for the iShares Floating Rate Bond ETF (BATS:FLOT – Free Report).

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