Donor Advised Charitable Giving Inc. Increases Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Donor Advised Charitable Giving Inc. grew its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 27,930 shares of the company’s stock after acquiring an additional 416 shares during the quarter. iShares Floating Rate Bond ETF comprises 0.0% of Donor Advised Charitable Giving Inc.’s portfolio, making the stock its 17th largest holding. Donor Advised Charitable Giving Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,426,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FLOT. Cetera Investment Advisers increased its stake in shares of iShares Floating Rate Bond ETF by 409.4% during the first quarter. Cetera Investment Advisers now owns 857,542 shares of the company’s stock valued at $43,786,000 after buying an additional 689,212 shares during the period. Jane Street Group LLC increased its stake in shares of iShares Floating Rate Bond ETF by 155.2% during the first quarter. Jane Street Group LLC now owns 872,495 shares of the company’s stock valued at $44,550,000 after buying an additional 530,610 shares during the period. TRUE Private Wealth Advisors boosted its position in shares of iShares Floating Rate Bond ETF by 39.6% during the second 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 in the last quarter. LPL Financial LLC boosted its position in shares of iShares Floating Rate Bond ETF by 9.3% during the second quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock valued at $178,620,000 after purchasing an additional 298,003 shares in the last quarter. Finally, Liberty Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the second quarter valued at approximately $14,535,000.

iShares Floating Rate Bond ETF Stock Performance

BATS FLOT opened at $50.91 on Wednesday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The stock’s 50 day moving average is $50.93 and its 200 day moving average is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.26 per share. 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.

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.