Sequoia Financial Advisors LLC Boosts Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Sequoia Financial Advisors LLC boosted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOTFree Report) by 12.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,771 shares of the company’s stock after acquiring an additional 755 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $346,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FLOT. Diversify Advisory Services LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter worth $580,000. Private Advisor Group LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 4.3% in the first quarter. Private Advisor Group LLC now owns 116,422 shares of the company’s stock valued at $5,945,000 after purchasing an additional 4,780 shares during the period. J.W. Cole Advisors Inc. increased its position in iShares Floating Rate Bond ETF by 29.3% during the first quarter. J.W. Cole Advisors Inc. now owns 18,544 shares of the company’s stock worth $947,000 after purchasing an additional 4,199 shares during the last quarter. Hartline Investment Corp raised its stake in iShares Floating Rate Bond ETF by 270.8% during the first quarter. Hartline Investment Corp now owns 82,201 shares of the company’s stock worth $4,197,000 after purchasing an additional 60,031 shares during the period. Finally, SpiderRock Advisors LLC acquired a new position in iShares Floating Rate Bond ETF in the 1st quarter valued at about $314,000.

iShares Floating Rate Bond ETF Price Performance

iShares Floating Rate Bond ETF stock opened at $50.92 on Tuesday. The firm has a 50 day simple moving average of $50.99 and a 200-day simple moving average of $50.91. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were paid a dividend of $0.2494 per share. The ex-dividend date of this dividend was Monday, July 1st.

iShares Floating Rate Bond ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Floating Rate Bond ETF (BATS:FLOT)

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