iShares Floating Rate Bond ETF (BATS:FLOT) is Alliance Wealth Management Group’s 8th Largest Position

Alliance Wealth Management Group raised its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 247,554 shares of the company’s stock after acquiring an additional 7,224 shares during the quarter. iShares Floating Rate Bond ETF makes up 3.3% of Alliance Wealth Management Group’s holdings, making the stock its 8th biggest position. Alliance Wealth Management Group owned approximately 0.17% of iShares Floating Rate Bond ETF worth $12,596,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC increased its holdings in iShares Floating Rate Bond ETF by 2,108.2% in the 4th quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock worth $231,716,000 after acquiring an additional 4,347,920 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 31.0% in the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock worth $240,430,000 after purchasing an additional 1,118,243 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $43,863,000. JPMorgan Chase & Co. lifted its stake in shares of iShares Floating Rate Bond ETF by 103.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,414,905 shares of the company’s stock valued at $71,990,000 after buying an additional 719,584 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in iShares Floating Rate Bond ETF by 12.8% in the 4th quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock worth $155,445,000 after buying an additional 347,836 shares during the period.

iShares Floating Rate Bond ETF Trading Up 0.1 %

iShares Floating Rate Bond ETF stock opened at $51.06 on Tuesday. The firm has a 50 day simple moving average of $51.00 and a 200 day simple moving average of $50.96. iShares Floating Rate Bond ETF has a 1-year low of $50.28 and a 1-year high of $51.16.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.1912 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.