Edge Wealth Management LLC lifted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,554 shares of the company’s stock after buying an additional 3,001 shares during the period. Edge Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,136,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of FLOT. Parallel Advisors LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 79.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,429 shares of the company’s stock worth $124,000 after acquiring an additional 1,077 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of iShares Floating Rate Bond ETF in the 2nd quarter worth approximately $133,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $142,000. CLS Investments LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $153,000. Finally, Clarus Wealth Advisors acquired a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $161,000.
Shares of FLOT traded up $0.02 on Friday, reaching $50.47. The stock had a trading volume of 2,333,137 shares. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10.
The company also recently declared a monthly dividend, which was paid on Monday, December 24th. Investors of record on Wednesday, December 19th were issued a $0.1236 dividend. The ex-dividend date of this dividend was Tuesday, December 18th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.94%. This is a boost from iShares Floating Rate Bond ETF’s previous monthly dividend of $0.12.
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