Lifeworks Advisors LLC Increases Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Lifeworks Advisors LLC raised its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 13.5% in the third quarter, Holdings Channel reports. The firm owned 4,453 shares of the company’s stock after acquiring an additional 531 shares during the quarter. Lifeworks Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $227,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FLOT. LPL Financial LLC increased its position in shares of iShares Floating Rate Bond ETF by 9.3% during the second quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock valued at $178,620,000 after acquiring an additional 298,003 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares Floating Rate Bond ETF by 12.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,968,004 shares of the company’s stock worth $100,545,000 after purchasing an additional 215,886 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of iShares Floating Rate Bond ETF by 18.3% in the second quarter. Hsbc Holdings PLC now owns 1,259,703 shares of the company’s stock worth $64,358,000 after purchasing an additional 194,624 shares during the last quarter. Haverford Trust Co lifted its holdings in shares of iShares Floating Rate Bond ETF by 1.4% during the third quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock valued at $59,608,000 after purchasing an additional 16,112 shares in the last quarter. Finally, TRUE Private Wealth Advisors boosted its position in shares of iShares Floating Rate Bond ETF by 39.6% during the second quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock valued at $58,254,000 after buying an additional 323,386 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $50.97 on Friday. The business has a 50-day simple moving average of $50.94 and a two-hundred day simple moving average of $50.96. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

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

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.