Paces Ferry Wealth Advisors LLC Acquires 9,927 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Paces Ferry Wealth Advisors LLC boosted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,521 shares of the company’s stock after purchasing an additional 9,927 shares during the period. iShares Floating Rate Bond ETF accounts for approximately 4.3% of Paces Ferry Wealth Advisors LLC’s portfolio, making the stock its 4th biggest position. Paces Ferry Wealth Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $6,253,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Cape Cod Five Cents Savings Bank lifted its position in shares of iShares Floating Rate Bond ETF by 103.7% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 840,858 shares of the company’s stock worth $42,791,000 after purchasing an additional 427,981 shares during the last quarter. Sarasin & Partners LLP bought a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at approximately $1,012,000. Private Wealth Partners LLC grew its stake in shares of iShares Floating Rate Bond ETF by 15.4% in the 4th quarter. Private Wealth Partners LLC now owns 15,000 shares of the company’s stock valued at $759,000 after purchasing an additional 2,000 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of iShares Floating Rate Bond ETF by 64.2% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after purchasing an additional 550 shares during the period. Finally, Bryn Mawr Capital Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at approximately $607,000.

iShares Floating Rate Bond ETF Stock Up 0.0 %

BATS FLOT traded up $0.01 during trading hours on Tuesday, reaching $51.09. 1,194,669 shares of the company’s stock were exchanged. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10. The firm has a fifty day moving average of $50.96 and a 200-day moving average of $50.82.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a dividend of $0.2559 per share. The ex-dividend date was Monday, April 1st. This is a positive change 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.