iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by GSB Wealth Management LLC

GSB Wealth Management LLC cut its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 6.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 142,186 shares of the company’s stock after selling 10,398 shares during the quarter. iShares Floating Rate Bond ETF accounts for 1.9% of GSB Wealth Management LLC’s portfolio, making the stock its 7th largest position. GSB Wealth Management LLC owned about 0.10% of iShares Floating Rate Bond ETF worth $7,257,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FLOT. Wealthcare Advisory Partners LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter worth approximately $288,000. Advisor Resource Council acquired a new position in shares of iShares Floating Rate Bond ETF in the first quarter worth about $1,163,000. Willis Johnson & Associates Inc. increased its position in shares of iShares Floating Rate Bond ETF by 4.0% in the first quarter. Willis Johnson & Associates Inc. now owns 375,009 shares of the company’s stock worth $19,148,000 after acquiring an additional 14,320 shares in the last quarter. Kesler Norman & Wride LLC lifted its position in shares of iShares Floating Rate Bond ETF by 1.0% in the 1st quarter. Kesler Norman & Wride LLC now owns 105,881 shares of the company’s stock valued at $5,406,000 after acquiring an additional 1,001 shares in the last quarter. Finally, SpiderRock Advisors LLC acquired a new stake in iShares Floating Rate Bond ETF during the 1st quarter valued at $314,000.

iShares Floating Rate Bond ETF Price Performance

Shares of iShares Floating Rate Bond ETF stock opened at $51.07 on Wednesday. The stock has a 50-day moving average price of $50.95 and a 200 day moving average price of $50.97. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.26 per share. The ex-dividend date was Tuesday, September 3rd. 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.