Bleakley Financial Group LLC Invests $3.10 Million in iShares Floating Rate Bond ETF (BATS:FLOT)

Bleakley Financial Group LLC bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 60,811 shares of the company’s stock, valued at approximately $3,104,000.

Other institutional investors have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC bought a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at about $27,000. Pineridge Advisors LLC lifted its stake in iShares Floating Rate Bond ETF by 172.0% in the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 430 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in iShares Floating Rate Bond ETF during the second quarter worth about $50,000. LRI Investments LLC acquired a new position in iShares Floating Rate Bond ETF during the first quarter worth approximately $82,000. Finally, Cranbrook Wealth Management LLC bought a new stake in iShares Floating Rate Bond ETF in the second quarter valued at approximately $126,000.

iShares Floating Rate Bond ETF Stock Up 0.0 %

FLOT opened at $50.97 on Friday. 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 50 day moving average of $50.93 and a 200-day moving average of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.26 per share. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, September 3rd.

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.