Occidental Asset Management LLC Raises Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Occidental Asset Management LLC increased its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.7% in the 1st quarter, HoldingsChannel reports. The fund owned 230,728 shares of the company’s stock after purchasing an additional 10,281 shares during the quarter. iShares Floating Rate Bond ETF makes up approximately 2.2% of Occidental Asset Management LLC’s holdings, making the stock its 12th biggest holding. Occidental Asset Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $11,781,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Northern Trust Corp grew its position in iShares Floating Rate Bond ETF by 17.3% in the fourth quarter. Northern Trust Corp now owns 4,310,607 shares of the company’s stock worth $218,203,000 after acquiring an additional 636,112 shares during the period. Ameriprise Financial Inc. boosted its position in shares of iShares Floating Rate Bond ETF by 156.2% during the third quarter. Ameriprise Financial Inc. now owns 2,959,885 shares of the company’s stock worth $150,676,000 after buying an additional 1,804,501 shares during the period. Assetmark Inc. boosted its position in shares of iShares Floating Rate Bond ETF by 11.9% during the fourth quarter. Assetmark Inc. now owns 2,435,420 shares of the company’s stock worth $123,281,000 after buying an additional 258,033 shares during the period. Royal Bank of Canada boosted its position in shares of iShares Floating Rate Bond ETF by 5.1% during the third quarter. Royal Bank of Canada now owns 1,570,738 shares of the company’s stock worth $79,934,000 after buying an additional 75,839 shares during the period. Finally, Scarborough Advisors LLC boosted its position in shares of iShares Floating Rate Bond ETF by 1,437.5% during the fourth quarter. Scarborough Advisors LLC now owns 1,299,349 shares of the company’s stock worth $65,773,000 after buying an additional 1,214,838 shares during the period.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT remained flat at $51.09 during midday trading on Friday. The stock had a trading volume of 1,093,812 shares. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10. The stock’s 50-day moving average is $51.01 and its two-hundred day moving average is $50.90.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were given a dividend of $0.2589 per share. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.26. The ex-dividend date was Monday, June 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.