Telemus Capital LLC Acquires 24,483 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Telemus Capital LLC grew its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 471,757 shares of the company’s stock after buying an additional 24,483 shares during the period. iShares Floating Rate Bond ETF accounts for 2.0% of Telemus Capital LLC’s investment portfolio, making the stock its 10th biggest position. Telemus Capital LLC owned approximately 0.34% of iShares Floating Rate Bond ETF worth $23,880,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 156.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,959,885 shares of the company’s stock valued at $150,676,000 after purchasing an additional 1,804,501 shares in the last quarter. Northern Trust Corp raised its position in iShares Floating Rate Bond ETF by 24.0% in the third quarter. Northern Trust Corp now owns 3,674,495 shares of the company’s stock valued at $186,995,000 after purchasing an additional 712,205 shares during the period. TRUE Private Wealth Advisors purchased a new position in iShares Floating Rate Bond ETF in the 3rd quarter valued at about $29,553,000. Cape Cod Five Cents Savings Bank boosted its stake in iShares Floating Rate Bond ETF by 103.7% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 840,858 shares of the company’s stock valued at $42,791,000 after acquiring an additional 427,981 shares during the last quarter. Finally, Greystone Financial Group LLC boosted its holdings in iShares Floating Rate Bond ETF by 7,095.7% in the third quarter. Greystone Financial Group LLC now owns 302,077 shares of the company’s stock worth $15,373,000 after purchasing an additional 297,879 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

BATS FLOT opened at $51.02 on Tuesday. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10. The company has a 50-day moving average price of $50.94 and a two-hundred day moving average price of $50.81.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.2559 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.