Towercrest Capital Management Increases Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Towercrest Capital Management raised its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 655,173 shares of the company’s stock after buying an additional 21,788 shares during the quarter. iShares Floating Rate Bond ETF accounts for approximately 5.3% of Towercrest Capital Management’s holdings, making the stock its 4th biggest holding. Towercrest Capital Management’s holdings in iShares Floating Rate Bond ETF were worth $33,335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Blueprint Investment Partners LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter worth about $824,000. Principal Financial Group Inc. grew its holdings in shares of iShares Floating Rate Bond ETF by 61.8% in the 4th quarter. Principal Financial Group Inc. now owns 32,850 shares of the company’s stock worth $1,671,000 after purchasing an additional 12,550 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of iShares Floating Rate Bond ETF by 93.4% in the 4th quarter. Jones Financial Companies Lllp now owns 19,228 shares of the company’s stock worth $978,000 after purchasing an additional 9,287 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares Floating Rate Bond ETF by 15.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock worth $35,489,000 after purchasing an additional 91,686 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in iShares Floating Rate Bond ETF by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,002 shares of the company’s stock worth $1,276,000 after buying an additional 502 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.1 %

Shares of BATS FLOT opened at $51.02 on Monday. The firm’s 50-day simple moving average is $50.99 and its 200 day simple moving average is $50.96. iShares Floating Rate Bond ETF has a 12-month low of $50.28 and a 12-month high of $51.16.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.1912 per share. The ex-dividend date of this dividend was Monday, March 3rd.

iShares Floating Rate Bond ETF Company 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.