Essex LLC Grows Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Posted by Brian Wu on Oct 20th, 2024

Essex LLC lifted its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,523 shares of the company’s stock after purchasing an additional 506 shares during the period. Essex LLC’s holdings in iShares Floating Rate Bond ETF were worth $435,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Moisand Fitzgerald Tamayo LLC purchased a new stake in iShares Floating Rate Bond ETF in the third quarter worth $27,000. Pineridge Advisors LLC grew its stake in shares of iShares Floating Rate Bond ETF by 172.0% during the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after acquiring an additional 430 shares during the period. Opal Wealth Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF in the 2nd quarter worth about $50,000. LRI Investments LLC bought a new stake in iShares Floating Rate Bond ETF in the 1st quarter valued at about $82,000. Finally, Cranbrook Wealth Management LLC purchased a new stake in iShares Floating Rate Bond ETF during the second quarter valued at about $126,000.

iShares Floating Rate Bond ETF Trading Up 0.0 %

Shares of BATS:FLOT opened at $50.95 on Friday. The company has a 50-day moving average price of $50.93 and a two-hundred day moving average price 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 disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.