Sax Wealth Advisors LLC Has $4.48 Million Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Sax Wealth Advisors LLC grew its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.7% during the 3rd quarter, Holdings Channel reports. The firm owned 87,742 shares of the company’s stock after purchasing an additional 3,918 shares during the quarter. Sax Wealth Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $4,478,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC acquired a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth about $27,000. Pineridge Advisors LLC grew its stake in shares of iShares Floating Rate Bond ETF by 172.0% during the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 430 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in iShares Floating Rate Bond ETF in the 2nd quarter worth approximately $50,000. LRI Investments LLC acquired a new position in iShares Floating Rate Bond ETF during the 1st quarter worth $82,000. Finally, Cranbrook Wealth Management LLC bought a new position in iShares Floating Rate Bond ETF in the 2nd quarter valued at $126,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $50.94 on Friday. The business has a fifty day moving average of $50.93 and a 200-day moving average of $50.96. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

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

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.