RWA Wealth Partners LLC Has $9.32 Million Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

RWA Wealth Partners LLC cut its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,168 shares of the company’s stock after selling 9,680 shares during the period. RWA Wealth Partners LLC’s holdings in iShares Floating Rate Bond ETF were worth $9,323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Planned Solutions Inc. bought a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at $33,000. First Horizon Advisors Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 195.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock valued at $33,000 after purchasing an additional 434 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of iShares Floating Rate Bond ETF by 206.1% in the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 857 shares of the company’s stock valued at $44,000 after purchasing an additional 577 shares during the last quarter. Sheets Smith Wealth Management bought a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at $76,000. Finally, NBC Securities Inc. bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth $146,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock opened at $51.02 on Tuesday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The stock’s fifty day simple moving average is $50.94 and its 200 day simple moving average is $50.81.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given 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.

About iShares Floating Rate Bond ETF

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.