Pinnacle Financial Partners Inc Has $1.03 Million Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Pinnacle Financial Partners Inc grew its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 20,168 shares of the company’s stock after purchasing an additional 751 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in iShares Floating Rate Bond ETF were worth $1,026,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 31.0% during the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock worth $240,430,000 after acquiring an additional 1,118,243 shares during the period. DAVENPORT & Co LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 15.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,284,553 shares of the company’s stock worth $65,358,000 after acquiring an additional 172,943 shares during the period. Haverford Trust Co raised its holdings in shares of iShares Floating Rate Bond ETF by 1.4% during the third quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock worth $59,608,000 after acquiring an additional 16,112 shares during the period. Truist Financial Corp raised its holdings in shares of iShares Floating Rate Bond ETF by 16.9% during the fourth quarter. Truist Financial Corp now owns 1,030,346 shares of the company’s stock worth $52,424,000 after acquiring an additional 148,673 shares during the period. Finally, Demars Financial Group LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 0.9% during the third quarter. Demars Financial Group LLC now owns 743,108 shares of the company’s stock worth $37,928,000 after acquiring an additional 6,805 shares during the period.

iShares Floating Rate Bond ETF Trading Up 0.1 %

Shares of FLOT stock opened at $51.05 on Monday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The firm’s fifty day moving average price is $50.95 and its two-hundred day moving average price is $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.2021 dividend. The ex-dividend date was Monday, February 3rd.

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.