Adams Wealth Management Purchases 44,971 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Adams Wealth Management boosted its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 244.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 63,397 shares of the company’s stock after purchasing an additional 44,971 shares during the period. Adams Wealth Management’s holdings in iShares Floating Rate Bond ETF were worth $3,226,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of FLOT. Logan Capital Management Inc. acquired a new stake in iShares Floating Rate Bond ETF in the third quarter worth $25,000. Headlands Technologies LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at about $57,000. Boyd Watterson Asset Management LLC OH boosted its position in shares of iShares Floating Rate Bond ETF by 227.5% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock worth $71,000 after purchasing an additional 967 shares in the last quarter. Sanctuary Wealth Management L.L.C. grew its stake 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 buying an additional 266 shares during the period. Finally, Front Row Advisors LLC increased its position in iShares Floating Rate Bond ETF by 14.1% in the 4th quarter. Front Row Advisors LLC now owns 1,614 shares of the company’s stock valued at $82,000 after buying an additional 200 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Down 1.0 %

Shares of BATS:FLOT opened at $50.49 on Tuesday. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34. The business’s 50 day simple moving average is $50.87 and its two-hundred day simple moving average is $50.92.

iShares Floating Rate Bond ETF Cuts Dividend

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