West Wealth Group LLC Acquires New Position in iShares Floating Rate Bond ETF (BATS:FLOT)

West Wealth Group LLC bought a new position in iShares Floating Rate Bond ETF (BATS:FLOT) during the third quarter, Holdings Channel reports. The institutional investor bought 4,631 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FLOT. Heritage Oak Wealth Advisors LLC bought a new stake in iShares Floating Rate Bond ETF in the third quarter valued at $1,278,000. Bull Oak Capital LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth about $115,000. BTS Asset Management Inc. lifted its position in iShares Floating Rate Bond ETF by 132.6% in the 3rd quarter. BTS Asset Management Inc. now owns 19,407 shares of the company’s stock valued at $991,000 after purchasing an additional 11,062 shares during the last quarter. Guidance Capital Inc. boosted its stake in iShares Floating Rate Bond ETF by 9.9% during the 3rd quarter. Guidance Capital Inc. now owns 97,157 shares of the company’s stock valued at $4,950,000 after purchasing an additional 8,782 shares during the period. Finally, Private Advisor Group LLC grew its position in iShares Floating Rate Bond ETF by 0.8% in the 3rd quarter. Private Advisor Group LLC now owns 125,769 shares of the company’s stock worth $6,419,000 after purchasing an additional 1,035 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT traded up $0.02 during trading hours on Friday, hitting $51.01. The stock had a trading volume of 441,296 shares. The stock’s fifty day simple moving average is $50.95 and its 200 day simple moving average is $50.96. 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 Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.26 per share. 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.

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.