Guidance Capital Inc. Has $4.32 Million Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Guidance Capital Inc. raised its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 22.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,716 shares of the company’s stock after acquiring an additional 15,653 shares during the quarter. iShares Floating Rate Bond ETF makes up about 1.6% of Guidance Capital Inc.’s investment portfolio, making the stock its 12th largest holding. Guidance Capital Inc.’s holdings in iShares Floating Rate Bond ETF were worth $4,317,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. US Financial Advisors LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 2.8% during the 4th quarter. US Financial Advisors LLC now owns 78,819 shares of the company’s stock worth $3,990,000 after buying an additional 2,128 shares during the last quarter. Private Wealth Partners LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 15.4% during the 4th quarter. Private Wealth Partners LLC now owns 15,000 shares of the company’s stock worth $759,000 after buying an additional 2,000 shares during the last quarter. Sarasin & Partners LLP acquired a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth about $1,012,000. Foundations Investment Advisors LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 14.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 8,451 shares of the company’s stock worth $429,000 after buying an additional 1,051 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA lifted its stake 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 buying an additional 550 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT remained flat at $51.09 during mid-day trading on Friday. 1,093,812 shares of the stock were exchanged. The firm’s fifty day moving average is $51.01 and its 200-day moving average is $50.90. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be given a dividend of $0.2494 per share. The ex-dividend date of this dividend is Monday, July 1st.

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.