iShares Floating Rate Bond ETF (BATS:FLOT) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 13.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,376 shares of the company’s stock after buying an additional 5,047 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,104,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Naples Global Advisors LLC lifted its holdings in iShares Floating Rate Bond ETF by 3.9% during the first quarter. Naples Global Advisors LLC now owns 5,280 shares of the company’s stock valued at $270,000 after purchasing an additional 200 shares in the last quarter. Haverford Financial Services Inc. lifted its holdings in iShares Floating Rate Bond ETF by 3.6% during the fourth quarter. Haverford Financial Services Inc. now owns 5,962 shares of the company’s stock valued at $302,000 after purchasing an additional 208 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in iShares Floating Rate Bond ETF by 1.5% during the second quarter. Pine Valley Investments Ltd Liability Co now owns 14,136 shares of the company’s stock valued at $722,000 after purchasing an additional 210 shares in the last quarter. Schmidt P J Investment Management Inc. lifted its holdings in iShares Floating Rate Bond ETF by 4.4% during the second quarter. Schmidt P J Investment Management Inc. now owns 5,597 shares of the company’s stock valued at $286,000 after purchasing an additional 235 shares in the last quarter. Finally, Spire Wealth Management lifted its holdings in iShares Floating Rate Bond ETF by 3.5% during the second quarter. Spire Wealth Management now owns 6,994 shares of the company’s stock valued at $357,000 after purchasing an additional 236 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT traded up $0.06 during midday trading on Friday, hitting $51.07. The company’s stock had a trading volume of 1,241,547 shares. The business’s 50 day simple moving average is $50.95 and its 200 day simple moving average is $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 Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This is an increase 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.