Wells Fargo & Company MN Sells 99,639 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Wells Fargo & Company MN trimmed its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,379,240 shares of the company’s stock after selling 99,639 shares during the period. Wells Fargo & Company MN owned approximately 1.69% of iShares Floating Rate Bond ETF worth $120,437,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FLOT. Financial Advocates Investment Management lifted its stake in shares of iShares Floating Rate Bond ETF by 172.1% during the 4th quarter. Financial Advocates Investment Management now owns 34,744 shares of the company’s stock worth $1,759,000 after acquiring an additional 21,973 shares during the last quarter. Towercrest Capital Management lifted its stake in shares of iShares Floating Rate Bond ETF by 6.2% during the 4th quarter. Towercrest Capital Management now owns 587,542 shares of the company’s stock worth $29,741,000 after acquiring an additional 34,075 shares during the last quarter. Stelac Advisory Services LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 5.6% during the 4th quarter. Stelac Advisory Services LLC now owns 19,852 shares of the company’s stock worth $1,005,000 after acquiring an additional 1,057 shares during the last quarter. Haverford Financial Services Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 3.6% during the 4th quarter. Haverford Financial Services Inc. now owns 5,962 shares of the company’s stock worth $302,000 after acquiring an additional 208 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth approximately $73,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $51.04 on Thursday. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10. The stock has a 50 day moving average price of $50.97 and a 200 day moving average price of $50.84.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.2559 per share. This is an increase 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 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.