iShares Floating Rate Bond ETF (BATS:FLOT) Stake Raised by Wrapmanager Inc.

Wrapmanager Inc. lifted its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 16.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,483 shares of the company’s stock after purchasing an additional 7,689 shares during the quarter. Wrapmanager Inc.’s holdings in iShares Floating Rate Bond ETF were worth $2,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. NorthCrest Asset Manangement LLC grew its stake in iShares Floating Rate Bond ETF by 7.5% in the third quarter. NorthCrest Asset Manangement LLC now owns 14,378 shares of the company’s stock valued at $734,000 after purchasing an additional 1,004 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in shares of iShares Floating Rate Bond ETF by 38.2% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 5,151 shares of the company’s stock valued at $263,000 after buying an additional 1,423 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in iShares Floating Rate Bond ETF by 32.4% in the third quarter. J.W. Cole Advisors Inc. now owns 25,417 shares of the company’s stock worth $1,297,000 after buying an additional 6,218 shares during the last quarter. TCP Asset Management LLC raised its position in iShares Floating Rate Bond ETF by 15.7% during the third quarter. TCP Asset Management LLC now owns 346,641 shares of the company’s stock valued at $17,693,000 after acquiring an additional 47,061 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in iShares Floating Rate Bond ETF by 46.7% in the third quarter. Pinnacle Associates Ltd. now owns 22,905 shares of the company’s stock valued at $1,159,000 after acquiring an additional 7,295 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $51.06 on Tuesday. The company’s fifty day moving average is $50.95 and its 200-day moving average is $50.95. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2021 per share. The ex-dividend date was Monday, February 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.