Perennial Advisors LLC Buys 2,810 Shares of iShares Floating Rate Bond ETF (FLOT)

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Perennial Advisors LLC raised its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 7.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 41,195 shares of the company’s stock after purchasing an additional 2,810 shares during the quarter. Perennial Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,102,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FLOT. FormulaFolio Investments LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 580.5% during the second quarter. FormulaFolio Investments LLC now owns 3,776,180 shares of the company’s stock valued at $192,585,000 after acquiring an additional 3,221,272 shares in the last quarter. Bank of America Corp DE raised its holdings in iShares Floating Rate Bond ETF by 19.9% in the second quarter. Bank of America Corp DE now owns 18,717,070 shares of the company’s stock worth $954,570,000 after purchasing an additional 3,101,282 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in iShares Floating Rate Bond ETF in the second quarter worth $2,384,000. Wells Fargo & Company MN raised its holdings in iShares Floating Rate Bond ETF by 27.7% in the third quarter. Wells Fargo & Company MN now owns 8,055,989 shares of the company’s stock worth $411,016,000 after purchasing an additional 1,746,487 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in iShares Floating Rate Bond ETF by 484.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 912,952 shares of the company’s stock worth $46,561,000 after purchasing an additional 756,865 shares in the last quarter.

FLOT remained flat at $$50.87 during trading on Wednesday. The company’s stock had a trading volume of 194,077 shares. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10.

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

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Read More: Hedge Funds

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

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