Foundations Investment Advisors LLC Takes $651,000 Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Foundations Investment Advisors LLC bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,749 shares of the company’s stock, valued at approximately $651,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Csenge Advisory Group lifted its position in shares of iShares Floating Rate Bond ETF by 3.1% in the 2nd quarter. Csenge Advisory Group now owns 31,654 shares of the company’s stock worth $1,617,000 after acquiring an additional 953 shares during the period. Sequoia Financial Advisors LLC boosted its stake in iShares Floating Rate Bond ETF by 12.5% during the first quarter. Sequoia Financial Advisors LLC now owns 6,771 shares of the company’s stock worth $346,000 after buying an additional 755 shares in the last quarter. HTLF Bank bought a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at $301,000. Quadrature Capital Ltd acquired a new position in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at $809,000. Finally, Lionsbridge Wealth Management LLC bought a new position in shares of iShares Floating Rate Bond ETF during the 2nd quarter worth about $1,154,000.

iShares Floating Rate Bond ETF Price Performance

BATS FLOT opened at $51.01 on Friday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The company’s 50-day simple moving average is $50.95 and its 200 day simple moving average is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.26 dividend. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, September 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.