First Horizon Advisors Inc. Acquires 1,658 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

First Horizon Advisors Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 28.6% during the third quarter, Holdings Channel.com reports. The firm owned 7,455 shares of the company’s stock after acquiring an additional 1,658 shares during the quarter. First Horizon Advisors Inc.’s holdings in iShares Floating Rate Bond ETF were worth $381,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC lifted its holdings in iShares Floating Rate Bond ETF by 9.3% during the 2nd quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock worth $178,620,000 after buying an additional 298,003 shares during the period. Envestnet Asset Management Inc. raised 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 worth $100,545,000 after acquiring an additional 215,886 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of 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 worth $64,358,000 after acquiring an additional 194,624 shares during the period. Haverford Trust Co boosted 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 last quarter. Finally, TRUE Private Wealth Advisors increased its position in iShares Floating Rate Bond ETF by 39.6% during the 2nd quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock valued at $58,254,000 after purchasing an additional 323,386 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

iShares Floating Rate Bond ETF stock opened at $51.04 on Friday. The firm has a 50 day moving average price of $50.96 and a two-hundred day moving average price of $50.96. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

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

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.