Western Financial Corp CA Buys 256 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Western Financial Corp CA lifted its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,592 shares of the company’s stock after acquiring an additional 256 shares during the quarter. Western Financial Corp CA’s holdings in iShares Floating Rate Bond ETF were worth $694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC purchased a new position in iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $27,000. Pineridge Advisors LLC boosted its position in shares of iShares Floating Rate Bond ETF by 172.0% during the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after acquiring an additional 430 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in iShares Floating Rate Bond ETF during the second quarter valued at $50,000. LRI Investments LLC purchased a new position in iShares Floating Rate Bond ETF during the first quarter valued at $82,000. Finally, Cranbrook Wealth Management LLC bought a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at $126,000.

iShares Floating Rate Bond ETF Stock Up 0.0 %

Shares of FLOT traded up $0.01 during midday trading on Monday, hitting $50.95. 852,520 shares of the company traded hands. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10. The firm has a 50 day moving average of $50.93 and a 200-day moving average of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.26 per share. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 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.