Independent Solutions Wealth Management LLC Has $2.41 Million Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Independent Solutions Wealth Management LLC increased its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 224.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,296 shares of the company’s stock after buying an additional 32,734 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,406,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FLOT. Principal Financial Group Inc. lifted its stake in iShares Floating Rate Bond ETF by 61.8% in the fourth quarter. Principal Financial Group Inc. now owns 32,850 shares of the company’s stock valued at $1,671,000 after acquiring an additional 12,550 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of iShares Floating Rate Bond ETF by 93.4% in the 4th quarter. Jones Financial Companies Lllp now owns 19,228 shares of the company’s stock valued at $978,000 after purchasing an additional 9,287 shares during the period. JPMorgan Chase & Co. lifted its stake in iShares Floating Rate Bond ETF by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock valued at $35,489,000 after purchasing an additional 91,686 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings 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 worth $1,276,000 after purchasing an additional 502 shares during the period. Finally, Kingsview Wealth Management LLC increased its position in iShares Floating Rate Bond ETF by 55.6% during the fourth quarter. Kingsview Wealth Management LLC now owns 47,146 shares of the company’s stock worth $2,399,000 after buying an additional 16,856 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $51.00 on Friday. iShares Floating Rate Bond ETF has a 12-month low of $50.28 and a 12-month high of $51.16. The stock’s 50 day moving average price is $50.99 and its two-hundred day moving average price is $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.1912 dividend. The ex-dividend date 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.