LPL Financial LLC Purchases 149,228 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

LPL Financial LLC increased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,555,532 shares of the company’s stock after purchasing an additional 149,228 shares during the quarter. LPL Financial LLC owned approximately 2.48% of iShares Floating Rate Bond ETF worth $180,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blueprint Investment Partners LLC purchased a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth $824,000. MRP Capital Investments LLC lifted its holdings in iShares Floating Rate Bond ETF by 1,400.0% during the fourth quarter. MRP Capital Investments LLC now owns 7,500 shares of the company’s stock worth $382,000 after buying an additional 7,000 shares during the period. Lee Danner & Bass Inc. purchased a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth $491,000. Loudon Investment Management LLC lifted its holdings in iShares Floating Rate Bond ETF by 36.3% during the fourth quarter. Loudon Investment Management LLC now owns 17,902 shares of the company’s stock worth $911,000 after buying an additional 4,770 shares during the period. Finally, Independent Solutions Wealth Management LLC lifted its holdings in iShares Floating Rate Bond ETF by 224.8% during the fourth quarter. Independent Solutions Wealth Management LLC now owns 47,296 shares of the company’s stock worth $2,406,000 after buying an additional 32,734 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

iShares Floating Rate Bond ETF stock opened at $51.02 on Monday. The business has a fifty day moving average of $50.99 and a two-hundred day moving average of $50.96. iShares Floating Rate Bond ETF has a twelve month low of $50.28 and a twelve month high of $51.16.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1912 per share. 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.