B. Riley Wealth Advisors Inc. Raises Position in iShares Floating Rate Bond ETF (BATS:FLOT)

B. Riley Wealth Advisors Inc. increased its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 174.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,561 shares of the company’s stock after buying an additional 77,886 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.09% of iShares Floating Rate Bond ETF worth $6,237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. LRI Investments LLC bought a new position in shares of iShares Floating Rate Bond ETF in the first quarter valued at approximately $82,000. Quadrature Capital Ltd purchased a new position in shares of iShares Floating Rate Bond ETF during the first quarter valued at $809,000. Cadence Bank lifted its position in shares of iShares Floating Rate Bond ETF by 41.2% in the first quarter. Cadence Bank now owns 67,528 shares of the company’s stock worth $3,448,000 after purchasing an additional 19,692 shares in the last quarter. Axxcess Wealth Management LLC raised its position in iShares Floating Rate Bond ETF by 11.3% during the first quarter. Axxcess Wealth Management LLC now owns 60,892 shares of the company’s stock valued at $3,109,000 after acquiring an additional 6,202 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its stake in shares of iShares Floating Rate Bond ETF by 2.9% during the 1st quarter. CreativeOne Wealth LLC now owns 161,284 shares of the company’s stock worth $8,235,000 after acquiring an additional 4,490 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

FLOT traded up $0.02 during midday trading on Wednesday, reaching $51.12. The company’s stock had a trading volume of 3,791,447 shares. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The company has a fifty day simple moving average of $51.00 and a 200 day simple moving average of $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were issued a $0.2494 dividend. The ex-dividend date of this dividend was Monday, July 1st.

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.