Prevail Innovative Wealth Advisors LLC Invests $644,000 in iShares Floating Rate Bond ETF (BATS:FLOT)

Prevail Innovative Wealth Advisors LLC bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 12,662 shares of the company’s stock, valued at approximately $644,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its stake in iShares Floating Rate Bond ETF by 0.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 112,733 shares of the company’s stock valued at $5,743,000 after buying an additional 523 shares in the last quarter. ARK & TLK Investments LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 371.0% in the 4th quarter. ARK & TLK Investments LLC now owns 27,017 shares of the company’s stock valued at $1,375,000 after acquiring an additional 21,281 shares during the last quarter. Sanctuary Wealth Management L.L.C. increased its holdings in shares of iShares Floating Rate Bond ETF by 20.0% in the 4th quarter. Sanctuary Wealth Management L.L.C. now owns 1,598 shares of the company’s stock valued at $81,000 after acquiring an additional 266 shares during the last quarter. Allianz SE acquired a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth about $577,000. Finally, OneAscent Wealth Management LLC lifted its stake in iShares Floating Rate Bond ETF by 73.0% during the fourth quarter. OneAscent Wealth Management LLC now owns 21,798 shares of the company’s stock worth $1,109,000 after purchasing an additional 9,198 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.1 %

Shares of FLOT opened at $51.05 on Friday. iShares Floating Rate Bond ETF has a 52-week low of $50.28 and a 52-week high of $51.16. The stock has a 50 day moving average price of $51.00 and a 200 day moving average price of $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a $0.1912 dividend. The ex-dividend date was Monday, March 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.