Watts Gwilliam & Co. LLC Takes Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Watts Gwilliam & Co. LLC purchased a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,299 shares of the company’s stock, valued at approximately $372,000.

Several other institutional investors have also recently bought and sold shares of FLOT. Naples Global Advisors LLC lifted its position in iShares Floating Rate Bond ETF by 3.9% during the 1st quarter. Naples Global Advisors LLC now owns 5,280 shares of the company’s stock valued at $270,000 after purchasing an additional 200 shares during the period. Pine Valley Investments Ltd Liability Co boosted its stake in iShares Floating Rate Bond ETF by 1.5% in the second quarter. Pine Valley Investments Ltd Liability Co now owns 14,136 shares of the company’s stock valued at $722,000 after acquiring an additional 210 shares during the last quarter. Schmidt P J Investment Management Inc. grew its holdings in iShares Floating Rate Bond ETF by 4.4% during the 2nd quarter. Schmidt P J Investment Management Inc. now owns 5,597 shares of the company’s stock worth $286,000 after acquiring an additional 235 shares during the period. Spire Wealth Management grew its holdings in iShares Floating Rate Bond ETF by 3.5% during the 2nd quarter. Spire Wealth Management now owns 6,994 shares of the company’s stock worth $357,000 after acquiring an additional 236 shares during the period. Finally, Shira Ridge Wealth Management raised its position in shares of iShares Floating Rate Bond ETF by 0.3% during the 1st quarter. Shira Ridge Wealth Management now owns 77,018 shares of the company’s stock valued at $3,933,000 after acquiring an additional 258 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $50.91 on Friday. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10. The stock’s fifty day simple moving average is $50.91 and its 200-day simple moving average is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders 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 positive change 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.