JPMorgan Chase & Co. Boosts Holdings in iShares Floating Rate Bond ETF (FLOT)

JPMorgan Chase & Co. raised its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 492,226 shares of the company’s stock after acquiring an additional 33,488 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares Floating Rate Bond ETF were worth $25,114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of FLOT. Piedmont Investment Advisors LLC acquired a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at about $142,000. TD Asset Management Inc. increased its position in iShares Floating Rate Bond ETF by 25.7% in the 2nd quarter. TD Asset Management Inc. now owns 34,531 shares of the company’s stock valued at $1,734,000 after acquiring an additional 7,063 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of iShares Floating Rate Bond ETF by 31.4% during the 2nd quarter. Wells Fargo & Company MN now owns 6,309,502 shares of the company’s stock worth $321,784,000 after buying an additional 1,507,882 shares during the period. Assetmark Inc. grew its position in shares of iShares Floating Rate Bond ETF by 6.2% during the 2nd quarter. Assetmark Inc. now owns 477,138 shares of the company’s stock worth $24,334,000 after buying an additional 28,039 shares during the period. Finally, IndexIQ Advisors LLC grew its position in shares of iShares Floating Rate Bond ETF by 11.1% during the 2nd quarter. IndexIQ Advisors LLC now owns 23,059 shares of the company’s stock worth $1,176,000 after buying an additional 2,303 shares during the period.

Shares of BATS:FLOT opened at $50.72 on Friday. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10.

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 7th. Stockholders of record on Friday, November 2nd were given a dividend of $0.1138 per share. This is a boost from iShares Floating Rate Bond ETF’s previous monthly dividend of $0.11. The ex-dividend date was Thursday, November 1st. This represents a $1.37 annualized dividend and a dividend yield of 2.69%.

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

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