LVZ Advisors Inc. Has $2.28 Million Position in iShares Floating Rate Bond ETF (FLOT)

LVZ Advisors Inc. lifted its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 214.1% in the third quarter, Holdings Channel reports. The fund owned 44,782 shares of the company’s stock after purchasing an additional 30,527 shares during the quarter. iShares Floating Rate Bond ETF makes up 0.6% of LVZ Advisors Inc.’s holdings, making the stock its 22nd biggest holding. LVZ Advisors Inc.’s holdings in iShares Floating Rate Bond ETF were worth $2,282,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FLOT. FormulaFolio Investments LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 580.5% in the 2nd 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 during the last quarter. Bank of America Corp DE lifted its stake 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 during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in iShares Floating Rate Bond ETF in the second quarter worth about $2,384,000. Wells Fargo & Company MN lifted its stake in iShares Floating Rate Bond ETF by 31.4% in the second quarter. Wells Fargo & Company MN now owns 6,309,502 shares of the company’s stock worth $321,784,000 after purchasing an additional 1,507,882 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake 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 during the last quarter.

BATS FLOT traded up $0.01 during trading on Friday, hitting $50.96. The stock had a trading volume of 1,246,231 shares. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10.

The company also recently disclosed a monthly dividend, which was paid on Friday, October 5th. Shareholders of record on Tuesday, October 2nd were paid a $0.1105 dividend. This represents a $1.33 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Monday, October 1st.

Read More: How Do You Calculate Return on Equity (ROE)?

Want to see what other hedge funds are holding FLOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Floating Rate Bond ETF (BATS:FLOT).

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

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