Weaver Consulting Group Acquires 4,841 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Weaver Consulting Group increased its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 5.9% during the first quarter, Holdings Channel reports. The fund owned 87,446 shares of the company’s stock after acquiring an additional 4,841 shares during the quarter. iShares Floating Rate Bond ETF comprises about 1.7% of Weaver Consulting Group’s holdings, making the stock its 13th biggest holding. Weaver Consulting Group’s holdings in iShares Floating Rate Bond ETF were worth $4,465,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Haverford Financial Services Inc. increased its holdings in shares of iShares Floating Rate Bond ETF by 3.6% in the fourth quarter. Haverford Financial Services Inc. now owns 5,962 shares of the company’s stock valued at $302,000 after purchasing an additional 208 shares during the last quarter. IPG Investment Advisors LLC raised its holdings in iShares Floating Rate Bond ETF by 6.7% in the 4th quarter. IPG Investment Advisors LLC now owns 4,900 shares of the company’s stock valued at $248,000 after acquiring an additional 307 shares during the period. Revisor Wealth Management LLC lifted its position in iShares Floating Rate Bond ETF by 7.8% during the fourth quarter. Revisor Wealth Management LLC now owns 4,778 shares of the company’s stock worth $242,000 after acquiring an additional 344 shares during the last quarter. Disciplined Investments LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 2.2% during the first quarter. Disciplined Investments LLC now owns 16,814 shares of the company’s stock worth $859,000 after acquiring an additional 357 shares during the period. Finally, First International Bank & Trust grew its position in shares of iShares Floating Rate Bond ETF by 5.3% in the fourth quarter. First International Bank & Trust now owns 7,742 shares of the company’s stock valued at $392,000 after purchasing an additional 393 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT remained flat at $51.09 during mid-day trading on Friday. The company had a trading volume of 1,093,812 shares. The stock’s fifty day moving average price is $51.01 and its 200-day moving average price is $50.90. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

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

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.