MGB Wealth Management LLC Buys 5,975 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

MGB Wealth Management LLC boosted its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 43.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,836 shares of the company’s stock after buying an additional 5,975 shares during the quarter. MGB Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at about $27,000. Darwin Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at about $27,000. Pineridge Advisors LLC raised its holdings in shares of 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 in the last quarter. Eastern Bank bought a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at about $41,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 2nd quarter valued at about $50,000.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $51.04 on Friday. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10. The firm has a 50-day simple moving average of $50.96 and a 200-day simple 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. Stockholders of record on Tuesday, September 3rd were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.