J.W. Cole Advisors Inc. Purchases 426 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

J.W. Cole Advisors Inc. boosted its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,345 shares of the company’s stock after purchasing an additional 426 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in iShares Floating Rate Bond ETF were worth $726,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FLOT. First Horizon Advisors Inc. increased its holdings in iShares Floating Rate Bond ETF by 195.5% in the third quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock valued at $33,000 after purchasing an additional 434 shares during the last quarter. Planned Solutions Inc. bought a new stake in iShares Floating Rate Bond ETF in the fourth quarter valued at about $33,000. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in iShares Floating Rate Bond ETF by 206.1% in the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 857 shares of the company’s stock valued at $44,000 after purchasing an additional 577 shares during the last quarter. Sheets Smith Wealth Management bought a new stake in iShares Floating Rate Bond ETF in the third quarter valued at about $76,000. Finally, NBC Securities Inc. acquired a new position in iShares Floating Rate Bond ETF in the third quarter valued at about $146,000.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $51.02 on Tuesday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The stock has a 50-day moving average price of $50.94 and a two-hundred day moving average price of $50.81.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.2559 dividend. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Monday, April 1st.

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.