Obsidian Personal Planning Solutions LLC Has $6.95 Million Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Obsidian Personal Planning Solutions LLC lifted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 12.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,101 shares of the company’s stock after acquiring an additional 14,937 shares during the quarter. iShares Floating Rate Bond ETF makes up 3.4% of Obsidian Personal Planning Solutions LLC’s portfolio, making the stock its 9th biggest position. Obsidian Personal Planning Solutions LLC’s holdings in iShares Floating Rate Bond ETF were worth $6,945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LPL Financial LLC grew its stake in shares of iShares Floating Rate Bond ETF by 9.3% in the second quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock worth $178,620,000 after acquiring an additional 298,003 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of iShares Floating Rate Bond ETF by 12.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,968,004 shares of the company’s stock valued at $100,545,000 after buying an additional 215,886 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in iShares Floating Rate Bond ETF by 18.3% in the second quarter. Hsbc Holdings PLC now owns 1,259,703 shares of the company’s stock valued at $64,358,000 after acquiring an additional 194,624 shares during the period. Haverford Trust Co lifted its holdings in iShares Floating Rate Bond ETF by 1.4% in the third quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock valued at $59,608,000 after acquiring an additional 16,112 shares during the period. Finally, TRUE Private Wealth Advisors lifted its holdings in iShares Floating Rate Bond ETF by 39.6% in the second quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock valued at $58,254,000 after acquiring an additional 323,386 shares during the period.

iShares Floating Rate Bond ETF Price Performance

FLOT stock opened at $50.96 on Friday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10. The business’s 50-day moving average is $50.95 and its two-hundred day moving average is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently disclosed 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 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.