Kraft Davis & Associates LLC Lowers Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Kraft Davis & Associates LLC cut its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 26.0% during the 3rd quarter, Holdings Channel reports. The firm owned 6,021 shares of the company’s stock after selling 2,120 shares during the quarter. Kraft Davis & Associates LLC’s holdings in iShares Floating Rate Bond ETF were worth $307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LPL Financial LLC grew its holdings in iShares Floating Rate Bond ETF by 9.3% during the second quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock valued at $178,620,000 after purchasing an additional 298,003 shares during the period. Envestnet Asset Management Inc. lifted its holdings in iShares Floating Rate Bond ETF by 12.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,968,004 shares of the company’s stock valued at $100,545,000 after purchasing an additional 215,886 shares during the last quarter. Hsbc Holdings PLC boosted its position in iShares Floating Rate Bond ETF by 18.3% during the second quarter. Hsbc Holdings PLC now owns 1,259,703 shares of the company’s stock worth $64,358,000 after purchasing an additional 194,624 shares during the period. Haverford Trust Co increased its stake in shares of iShares Floating Rate Bond ETF by 1.4% in the third quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock worth $59,608,000 after purchasing an additional 16,112 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its position in shares of iShares Floating Rate Bond ETF by 39.6% in the second quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock valued at $58,254,000 after purchasing an additional 323,386 shares during the period.

iShares Floating Rate Bond ETF Stock Up 0.0 %

FLOT opened at $51.00 on Wednesday. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The company has a 50 day moving average of $50.95 and a 200 day moving average of $50.96.

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 $0.26 dividend. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 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.