Valmark Advisers Inc. Purchases 2,241 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Valmark Advisers Inc. grew its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,995 shares of the company’s stock after purchasing an additional 2,241 shares during the period. Valmark Advisers Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,265,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FLOT. Northern Trust Corp raised its holdings in iShares Floating Rate Bond ETF by 24.0% during the third quarter. Northern Trust Corp now owns 3,674,495 shares of the company’s stock worth $186,995,000 after acquiring an additional 712,205 shares in the last quarter. LPL Financial LLC raised its holdings in iShares Floating Rate Bond ETF by 5.3% during the third quarter. LPL Financial LLC now owns 3,120,045 shares of the company’s stock worth $158,779,000 after acquiring an additional 156,029 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in iShares Floating Rate Bond ETF by 156.2% during the third quarter. Ameriprise Financial Inc. now owns 2,959,885 shares of the company’s stock worth $150,676,000 after acquiring an additional 1,804,501 shares in the last quarter. Glenview Trust co raised its holdings in iShares Floating Rate Bond ETF by 1.5% during the third quarter. Glenview Trust co now owns 1,737,026 shares of the company’s stock worth $88,397,000 after acquiring an additional 25,560 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in iShares Floating Rate Bond ETF by 5.1% during the third quarter. Royal Bank of Canada now owns 1,570,738 shares of the company’s stock worth $79,934,000 after acquiring an additional 75,839 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

FLOT traded down $0.01 on Friday, hitting $51.04. 1,485,999 shares of the company were exchanged. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The stock’s fifty day moving average is $50.96 and its 200-day moving average is $50.81.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.2559 dividend. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Monday, April 1st.

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.