Penobscot Investment Management Company Inc. Decreases Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Penobscot Investment Management Company Inc. lessened its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 1.9% in the fourth quarter, Holdings Channel reports. The fund owned 87,549 shares of the company’s stock after selling 1,675 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in iShares Floating Rate Bond ETF were worth $4,432,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cape Cod Five Cents Savings Bank lifted its stake in iShares Floating Rate Bond ETF by 103.7% during the third quarter. Cape Cod Five Cents Savings Bank now owns 840,858 shares of the company’s stock worth $42,791,000 after purchasing an additional 427,981 shares during the last quarter. Sarasin & Partners LLP acquired a new position in iShares Floating Rate Bond ETF in the fourth quarter worth $1,012,000. Private Wealth Partners LLC boosted its holdings in iShares Floating Rate Bond ETF by 15.4% in the fourth quarter. Private Wealth Partners LLC now owns 15,000 shares of the company’s stock worth $759,000 after purchasing an additional 2,000 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in iShares Floating Rate Bond ETF by 64.2% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock worth $71,000 after purchasing an additional 550 shares during the period. Finally, Bryn Mawr Capital Management LLC acquired a new position in iShares Floating Rate Bond ETF in the third quarter worth $607,000.

iShares Floating Rate Bond ETF Stock Performance

iShares Floating Rate Bond ETF stock traded up $0.04 during mid-day trading on Tuesday, reaching $51.08. The company’s stock had a trading volume of 981,463 shares. The business has a 50 day moving average price of $50.96 and a 200-day moving average price of $50.82. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.2559 dividend. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Monday, April 1st.

iShares Floating Rate Bond ETF 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.