Rialto Wealth Management LLC Buys New Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Rialto Wealth Management LLC purchased a new position in iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,468 shares of the company’s stock, valued at approximately $533,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its position in shares of iShares Floating Rate Bond ETF by 2,108.2% during the fourth quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock worth $231,716,000 after purchasing an additional 4,347,920 shares during the period. Franklin Resources Inc. raised its holdings in iShares Floating Rate Bond ETF by 31.0% during the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock worth $240,430,000 after buying an additional 1,118,243 shares during the last quarter. Raymond James Financial Inc. acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter worth $43,863,000. New York Life Investment Management LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 12.8% in the fourth quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock valued at $155,445,000 after buying an additional 347,836 shares in the last quarter. Finally, Hartline Investment Corp grew its holdings in shares of iShares Floating Rate Bond ETF by 80.8% during the fourth quarter. Hartline Investment Corp now owns 721,221 shares of the company’s stock valued at $36,696,000 after buying an additional 322,286 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $50.96 on Friday. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10. The firm has a 50-day moving average of $50.98 and a 200-day moving average of $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1912 per share. 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.