Private Advisor Group LLC Cuts Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Private Advisor Group LLC decreased its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 44.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,642 shares of the company’s stock after selling 89,502 shares during the period. Private Advisor Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $5,651,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in FLOT. Graypoint LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at $255,000. Capital Advisors Ltd. LLC boosted its position in iShares Floating Rate Bond ETF by 6.7% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 3,764 shares of the company’s stock valued at $192,000 after buying an additional 237 shares during the period. First Horizon Advisors Inc. boosted its position in iShares Floating Rate Bond ETF by 195.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock valued at $33,000 after buying an additional 434 shares during the period. Financial Advocates Investment Management purchased a new stake in iShares Floating Rate Bond ETF during the 3rd quarter valued at $650,000. Finally, Carmel Capital Partners LLC boosted its position in iShares Floating Rate Bond ETF by 21.6% during the 3rd quarter. Carmel Capital Partners LLC now owns 113,098 shares of the company’s stock valued at $5,756,000 after buying an additional 20,103 shares during the period.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT opened at $50.94 on Thursday. The firm has a fifty day simple moving average of $50.95 and a two-hundred day simple moving average of $50.83. 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 company also recently declared a dividend, which was paid on Friday, April 5th. Shareholders 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 boost 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.