Paces Ferry Wealth Advisors LLC Grows Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Paces Ferry Wealth Advisors LLC lifted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 about 4.3% of Paces Ferry Wealth Advisors LLC’s holdings, making the stock its 4th biggest position. Paces Ferry Wealth Advisors LLC owned approximately 0.09% of iShares Floating Rate Bond ETF worth $6,253,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FLOT. First Horizon Advisors Inc. raised its position in iShares Floating Rate Bond ETF by 195.5% in the third quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock worth $33,000 after acquiring an additional 434 shares during the period. Planned Solutions Inc. purchased a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter worth about $33,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of iShares Floating Rate Bond ETF by 64.2% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock worth $71,000 after purchasing an additional 550 shares in the last quarter. Sheets Smith Wealth Management purchased a new position in shares of iShares Floating Rate Bond ETF in the third quarter worth about $76,000. Finally, NBC Securities Inc. purchased a new position in shares of iShares Floating Rate Bond ETF in the third quarter worth about $146,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT traded up $0.01 during trading hours on Tuesday, hitting $51.09. The company’s stock had a trading volume of 1,194,669 shares. The business has a 50 day simple moving average of $50.96 and a two-hundred day simple moving average of $50.82. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.2559 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.