Baird Financial Group Inc. Has $3 Million Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Baird Financial Group Inc. lifted its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,913 shares of the company’s stock after purchasing an additional 2,981 shares during the quarter. Baird Financial Group Inc.’s holdings in iShares Floating Rate Bond ETF were worth $2,997,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in iShares Floating Rate Bond ETF by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,002 shares of the company’s stock worth $1,276,000 after acquiring an additional 502 shares in the last quarter. Elmwood Wealth Management Inc. acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter worth $1,923,000. Northstar Advisory Group LLC acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter worth $204,000. Shira Ridge Wealth Management raised its stake in iShares Floating Rate Bond ETF by 18.7% during the fourth quarter. Shira Ridge Wealth Management now owns 70,931 shares of the company’s stock worth $3,609,000 after acquiring an additional 11,153 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in iShares Floating Rate Bond ETF by 23.9% during the fourth quarter. Park Avenue Securities LLC now owns 43,264 shares of the company’s stock worth $2,201,000 after acquiring an additional 8,349 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.4%

iShares Floating Rate Bond ETF stock opened at $50.79 on Monday. The stock has a fifty day moving average price of $50.79 and a two-hundred day moving average price of $50.90. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1912 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.