Principal Financial Group Inc. Boosts Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Principal Financial Group Inc. lifted its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 79.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,075 shares of the company’s stock after buying an additional 18,600 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares Floating Rate Bond ETF were worth $2,150,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Naples Global Advisors LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 3.9% in the 1st quarter. Naples Global Advisors LLC now owns 5,280 shares of the company’s stock valued at $270,000 after buying an additional 200 shares during the period. Haverford Financial Services Inc. grew its stake in iShares Floating Rate Bond ETF by 3.6% during the 4th quarter. Haverford Financial Services Inc. now owns 5,962 shares of the company’s stock worth $302,000 after purchasing an additional 208 shares in the last quarter. Schmidt P J Investment Management Inc. grew its stake in iShares Floating Rate Bond ETF by 4.4% during the 2nd quarter. Schmidt P J Investment Management Inc. now owns 5,597 shares of the company’s stock worth $286,000 after purchasing an additional 235 shares in the last quarter. Shira Ridge Wealth Management grew its stake in iShares Floating Rate Bond ETF by 0.3% during the 1st quarter. Shira Ridge Wealth Management now owns 77,018 shares of the company’s stock worth $3,933,000 after purchasing an additional 258 shares in the last quarter. Finally, Schwab Charitable Fund grew its stake in iShares Floating Rate Bond ETF by 1.0% during the 1st quarter. Schwab Charitable Fund now owns 27,106 shares of the company’s stock worth $1,384,000 after purchasing an additional 265 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $50.90 on Thursday. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The business has a fifty day moving average price of $50.94 and a 200 day moving average price of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.26 per share. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 3rd.

iShares Floating Rate Bond ETF 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.