Capital Investment Advisory Services LLC Invests $243,000 in iShares Floating Rate Bond ETF (FLOT) Stock

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Capital Investment Advisory Services LLC purchased a new position in iShares Floating Rate Bond ETF (BATS:FLOT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,821 shares of the company’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLOT. Wells Fargo & Company MN boosted its position in shares of iShares Floating Rate Bond ETF by 27.7% during the third quarter. Wells Fargo & Company MN now owns 8,055,989 shares of the company’s stock valued at $411,016,000 after buying an additional 1,746,487 shares during the period. Morgan Stanley boosted its position in shares of iShares Floating Rate Bond ETF by 9.6% during the third quarter. Morgan Stanley now owns 4,146,168 shares of the company’s stock valued at $211,537,000 after buying an additional 362,000 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of iShares Floating Rate Bond ETF by 57.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,631,157 shares of the company’s stock valued at $134,242,000 after buying an additional 961,221 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of iShares Floating Rate Bond ETF by 9.0% during the third quarter. PNC Financial Services Group Inc. now owns 2,125,238 shares of the company’s stock valued at $108,430,000 after buying an additional 176,358 shares during the period. Finally, BlackRock Inc. boosted its position in shares of iShares Floating Rate Bond ETF by 83.7% during the third quarter. BlackRock Inc. now owns 2,042,253 shares of the company’s stock valued at $104,196,000 after buying an additional 930,795 shares during the period.

iShares Floating Rate Bond ETF stock opened at $50.73 on Monday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10.

The business also recently declared a monthly dividend, which was paid on Thursday, February 7th. Stockholders of record on Monday, February 4th were paid a dividend of $0.1259 per share. This represents a $1.51 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Friday, February 1st. This is an increase from iShares Floating Rate Bond ETF’s previous monthly dividend of $0.12.

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

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