Portland Financial Advisors Inc Takes Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Portland Financial Advisors Inc purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,298 shares of the company’s stock, valued at approximately $473,000. iShares Floating Rate Bond ETF makes up approximately 1.3% of Portland Financial Advisors Inc’s holdings, making the stock its 25th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in FLOT. JPMorgan Chase & Co. lifted its holdings in iShares Floating Rate Bond ETF by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock worth $35,489,000 after buying an additional 91,686 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in iShares Floating Rate Bond ETF by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,002 shares of the company’s stock worth $1,276,000 after purchasing an additional 502 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in iShares Floating Rate Bond ETF by 55.6% in the fourth quarter. Kingsview Wealth Management LLC now owns 47,146 shares of the company’s stock worth $2,399,000 after purchasing an additional 16,856 shares during the period. Sanctuary Advisors LLC increased its stake in iShares Floating Rate Bond ETF by 14.2% during the third quarter. Sanctuary Advisors LLC now owns 103,726 shares of the company’s stock valued at $5,294,000 after purchasing an additional 12,859 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in shares of iShares Floating Rate Bond ETF by 65.0% during the third quarter. Atria Investments Inc now owns 15,177 shares of the company’s stock worth $775,000 after purchasing an additional 5,979 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

iShares Floating Rate Bond ETF stock opened at $51.05 on Monday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The firm’s 50-day moving average is $50.95 and its 200-day moving average is $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.2021 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

iShares Floating Rate Bond ETF Profile

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.