iShares Floating Rate Bond ETF (BATS:FLOT) Shares Purchased by LJI Wealth Management LLC

LJI Wealth Management LLC boosted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 340,632 shares of the company’s stock after buying an additional 11,772 shares during the quarter. iShares Floating Rate Bond ETF makes up 3.6% of LJI Wealth Management LLC’s holdings, making the stock its 5th biggest position. LJI Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $17,386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Csenge Advisory Group grew its position in shares of iShares Floating Rate Bond ETF by 3.1% during the 2nd quarter. Csenge Advisory Group now owns 31,654 shares of the company’s stock valued at $1,617,000 after acquiring an additional 953 shares during the period. HTLF Bank purchased a new stake in shares of iShares Floating Rate Bond ETF in the second quarter valued at approximately $301,000. Quadrature Capital Ltd acquired a new position in shares of iShares Floating Rate Bond ETF during the 1st quarter worth approximately $809,000. Lionsbridge Wealth Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $1,154,000. Finally, Principal Financial Group Inc. lifted its position in shares of iShares Floating Rate Bond ETF by 79.2% during the 2nd quarter. Principal Financial Group Inc. now owns 42,075 shares of the company’s stock valued at $2,150,000 after buying an additional 18,600 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

BATS FLOT traded up $0.01 on Friday, hitting $50.96. The company had a trading volume of 2,379,364 shares. The company’s fifty day moving average price is $50.95 and its 200-day moving average price is $50.96. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

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

About iShares Floating Rate Bond ETF

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.