Darwin Wealth Management LLC Purchases New Shares in iShares Floating Rate Bond ETF (BATS:FLOT)

Darwin Wealth Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the third quarter, Holdings Channel reports. The institutional investor purchased 535 shares of the company’s stock, valued at approximately $27,000.

Other large investors also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at $27,000. Pineridge Advisors LLC increased its stake in shares of iShares Floating Rate Bond ETF by 172.0% during the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after purchasing an additional 430 shares during the last quarter. Eastern Bank bought a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at $41,000. Opal Wealth Advisors LLC bought a new position in shares of iShares Floating Rate Bond ETF during the 2nd quarter valued at $50,000. Finally, LRI Investments LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at $82,000.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $51.02 on Friday. The business has a 50-day moving average of $50.95 and a two-hundred day moving average of $50.96. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

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