Western Wealth Management LLC Has $1.11 Million Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Western Wealth Management LLC boosted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,936 shares of the company’s stock after acquiring an additional 3,076 shares during the quarter. Western Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,110,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. RiverFront Investment Group LLC raised its position in iShares Floating Rate Bond ETF by 1.8% during the fourth quarter. RiverFront Investment Group LLC now owns 12,042 shares of the company’s stock valued at $606,000 after acquiring an additional 214 shares in the last quarter. Townsquare Capital LLC increased its position in iShares Floating Rate Bond ETF by 1.3% during the fourth quarter. Townsquare Capital LLC now owns 16,983 shares of the company’s stock worth $855,000 after acquiring an additional 224 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its position in iShares Floating Rate Bond ETF by 3.1% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 7,719 shares of the company’s stock worth $393,000 after acquiring an additional 234 shares during the period. Capital Advisors Ltd. LLC increased its position in iShares Floating Rate Bond ETF by 6.7% during the third quarter. Capital Advisors Ltd. LLC now owns 3,764 shares of the company’s stock worth $192,000 after acquiring an additional 237 shares during the period. Finally, Spire Wealth Management increased its position in iShares Floating Rate Bond ETF by 3.3% during the third quarter. Spire Wealth Management now owns 8,428 shares of the company’s stock worth $429,000 after acquiring an additional 268 shares during the period.

iShares Floating Rate Bond ETF Stock Down 0.0 %

Shares of FLOT stock opened at $51.02 on Friday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The firm’s fifty day simple moving average is $50.94 and its 200 day simple moving average is $50.80.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a dividend of $0.2559 per share. The ex-dividend date was Monday, April 1st. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.