J.W. Cole Advisors Inc. Has $1.56 Million Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

J.W. Cole Advisors Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 20.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,693 shares of the company’s stock after buying an additional 5,276 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Logan Capital Management Inc. bought a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth about $25,000. Darwin Wealth Management LLC acquired a new stake in iShares Floating Rate Bond ETF during the third quarter worth approximately $27,000. Eastern Bank bought a new stake in shares of iShares Floating Rate Bond ETF during the third quarter worth approximately $41,000. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $100,000. Finally, Bull Oak Capital LLC bought a new position in shares of iShares Floating Rate Bond ETF during the third quarter worth approximately $115,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT opened at $51.01 on Tuesday. The business has a fifty day simple moving average of $50.94 and a 200 day simple moving average of $50.94. 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 Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a $0.2021 dividend. The ex-dividend date was Monday, February 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.