Sequoia Financial Advisors LLC Makes New Investment in iShares Floating Rate Bond ETF (BATS:FLOT)

Sequoia Financial Advisors LLC purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 6,016 shares of the company’s stock, valued at approximately $305,000.

Other hedge funds also recently modified their holdings of the company. Cape Cod Five Cents Savings Bank lifted its holdings in shares of iShares Floating Rate Bond ETF by 103.7% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 840,858 shares of the company’s stock worth $42,791,000 after acquiring an additional 427,981 shares during the period. Sarasin & Partners LLP purchased a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter worth about $1,012,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of iShares Floating Rate Bond ETF by 64.2% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock worth $71,000 after acquiring an additional 550 shares during the period. Bryn Mawr Capital Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth about $607,000. Finally, Carmel Capital Partners LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 21.6% during the 3rd quarter. Carmel Capital Partners LLC now owns 113,098 shares of the company’s stock worth $5,756,000 after acquiring an additional 20,103 shares during the period.

iShares Floating Rate Bond ETF Trading Up 0.1 %

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 50-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 disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.2559 per share. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Monday, April 1st.

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.