Cranbrook Wealth Management LLC Purchases Shares of 2,463 iShares Floating Rate Bond ETF (BATS:FLOT)

Cranbrook Wealth Management LLC purchased a new position in iShares Floating Rate Bond ETF (BATS:FLOT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,463 shares of the company’s stock, valued at approximately $126,000.

Other large investors have also modified their holdings of the company. DHK Financial Advisors Inc. boosted its stake in iShares Floating Rate Bond ETF by 1.5% in the 2nd quarter. DHK Financial Advisors Inc. now owns 30,688 shares of the company’s stock worth $1,568,000 after purchasing an additional 455 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new stake in iShares Floating Rate Bond ETF during the 2nd quarter valued at about $204,000. Brown Brothers Harriman & Co. purchased a new stake in iShares Floating Rate Bond ETF during the 2nd quarter valued at about $153,000. Hoge Financial Services LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 3.5% in the second quarter. Hoge Financial Services LLC now owns 140,473 shares of the company’s stock valued at $7,177,000 after purchasing an additional 4,804 shares during the period. Finally, J.W. Cole Advisors Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 3.5% in the second quarter. J.W. Cole Advisors Inc. now owns 19,199 shares of the company’s stock worth $981,000 after purchasing an additional 655 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.0 %

Shares of BATS FLOT opened at $50.93 on Tuesday. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10. The business’s 50 day moving average price is $50.94 and its 200 day moving average price is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.26 per share. The ex-dividend date was Tuesday, September 3rd. This is a boost 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.