iShares Floating Rate Bond ETF (FLOT) is MV Capital Management Inc.’s Largest Position

MV Capital Management Inc. lifted its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 9.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,521,965 shares of the company’s stock after purchasing an additional 129,135 shares during the quarter. iShares Floating Rate Bond ETF makes up 19.3% of MV Capital Management Inc.’s investment portfolio, making the stock its biggest holding. MV Capital Management Inc.’s holdings in iShares Floating Rate Bond ETF were worth $77,651,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Parallel Advisors LLC raised its stake in iShares Floating Rate Bond ETF by 79.7% during the 3rd quarter. Parallel Advisors LLC now owns 2,429 shares of the company’s stock valued at $124,000 after acquiring an additional 1,077 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in iShares Floating Rate Bond ETF during the 2nd quarter valued at approximately $133,000. Piedmont Investment Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF during the 2nd quarter valued at approximately $142,000. Clarus Wealth Advisors purchased a new stake in iShares Floating Rate Bond ETF during the 3rd quarter valued at approximately $161,000. Finally, Global Trust Asset Management LLC raised its stake in iShares Floating Rate Bond ETF by 474.9% during the 2nd quarter. Global Trust Asset Management LLC now owns 3,392 shares of the company’s stock valued at $173,000 after acquiring an additional 2,802 shares during the last quarter.

FLOT opened at $50.90 on Friday. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 7th. Shareholders of record on Friday, November 2nd were paid a dividend of $0.1138 per share. The ex-dividend date was Thursday, November 1st. This is an increase from iShares Floating Rate Bond ETF’s previous monthly dividend of $0.11. This represents a $1.37 annualized dividend and a yield of 2.68%.

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Institutional Ownership by Quarter for iShares Floating Rate Bond ETF (BATS:FLOT)

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