AXS Investments LLC Lowers Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

AXS Investments LLC decreased its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 44.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 40,000 shares of the company’s stock after selling 32,000 shares during the period. AXS Investments LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,025,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SouthState Corp bought a new stake in iShares Floating Rate Bond ETF in the 4th quarter valued at $32,000. Planned Solutions Inc. bought a new stake in iShares Floating Rate Bond ETF in the 4th quarter valued at $33,000. SRS Capital Advisors Inc. increased its holdings in iShares Floating Rate Bond ETF by 444.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock valued at $41,000 after acquiring an additional 654 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in iShares Floating Rate Bond ETF by 64.2% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after acquiring an additional 550 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in iShares Floating Rate Bond ETF in the 4th quarter valued at $73,000.

iShares Floating Rate Bond ETF Stock Performance

BATS FLOT traded up $0.03 on Thursday, reaching $51.07. The company had a trading volume of 938,796 shares. The firm’s 50 day moving average price is $50.97 and its 200 day moving average price is $50.84. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

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

iShares Floating Rate Bond ETF Company 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.