PFG Investments LLC Has $1.61 Million Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

PFG Investments LLC raised its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,585 shares of the company’s stock after purchasing an additional 404 shares during the period. PFG Investments LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Wealthcare Advisory Partners LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at $288,000. Vicus Capital increased its holdings in iShares Floating Rate Bond ETF by 5.4% in the first quarter. Vicus Capital now owns 7,864 shares of the company’s stock valued at $402,000 after purchasing an additional 400 shares during the last quarter. Founders Financial Securities LLC bought a new stake in iShares Floating Rate Bond ETF in the first quarter valued at about $222,000. SteelPeak Wealth LLC lifted its stake in iShares Floating Rate Bond ETF by 19.5% in the first quarter. SteelPeak Wealth LLC now owns 6,085 shares of the company’s stock valued at $311,000 after buying an additional 993 shares during the period. Finally, Miracle Mile Advisors LLC boosted its holdings in iShares Floating Rate Bond ETF by 2.7% during the first quarter. Miracle Mile Advisors LLC now owns 75,006 shares of the company’s stock worth $3,830,000 after buying an additional 1,991 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.1 %

Shares of FLOT stock opened at $51.06 on Friday. The stock has a 50-day moving average of $50.95 and a 200-day moving average of $50.96. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year 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. Shareholders of record on Tuesday, September 3rd were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.