LifePlan Financial Group Inc Grows Position in iShares Floating Rate Bond ETF (FLOT)

LifePlan Financial Group Inc increased its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 29.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,304 shares of the company’s stock after buying an additional 15,159 shares during the quarter. iShares Floating Rate Bond ETF comprises about 2.1% of LifePlan Financial Group Inc’s holdings, making the stock its 11th largest position. LifePlan Financial Group Inc’s holdings in iShares Floating Rate Bond ETF were worth $3,389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its holdings 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 worth $411,016,000 after buying an additional 1,746,487 shares during the last quarter. Morgan Stanley boosted its holdings in iShares Floating Rate Bond ETF by 9.6% in the 3rd quarter. Morgan Stanley now owns 4,146,168 shares of the company’s stock valued at $211,537,000 after purchasing an additional 362,000 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares Floating Rate Bond ETF by 57.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,631,157 shares of the company’s stock valued at $134,242,000 after purchasing an additional 961,221 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at approximately $2,384,000. Finally, PNC Financial Services Group Inc. boosted its holdings in iShares Floating Rate Bond ETF by 9.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,125,238 shares of the company’s stock valued at $108,430,000 after purchasing an additional 176,358 shares in the last quarter.

FLOT traded up $0.03 during trading on Friday, reaching $50.48. The company’s stock had a trading volume of 2,333,137 shares. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10.

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 24th. Shareholders of record on Wednesday, December 19th were issued a $0.1236 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Tuesday, December 18th. This is a positive change 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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