Darwin Wealth Management LLC Acquires New Shares in iShares Floating Rate Bond ETF (BATS:FLOT)

Darwin Wealth Management LLC bought a new position in iShares Floating Rate Bond ETF (BATS:FLOT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 535 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds have also recently modified their holdings of the business. LPL Financial LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 9.3% in the second quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock worth $178,620,000 after acquiring an additional 298,003 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 12.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,968,004 shares of the company’s stock worth $100,545,000 after purchasing an additional 215,886 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 18.3% in the second quarter. Hsbc Holdings PLC now owns 1,259,703 shares of the company’s stock worth $64,358,000 after buying an additional 194,624 shares during the last quarter. Haverford Trust Co boosted its holdings in shares of iShares Floating Rate Bond ETF by 1.4% in the third quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock worth $59,608,000 after buying an additional 16,112 shares during the last quarter. Finally, TRUE Private Wealth Advisors grew its position in iShares Floating Rate Bond ETF by 39.6% during the second quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock valued at $58,254,000 after buying an additional 323,386 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of iShares Floating Rate Bond ETF stock opened at $51.02 on Friday. The company’s fifty day simple moving average is $50.95 and its 200-day simple moving average is $50.96. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

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

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.