Modera Wealth Management LLC Has $24.58 Million Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Modera Wealth Management LLC reduced its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 483,166 shares of the company’s stock after selling 22,550 shares during the period. Modera Wealth Management LLC owned about 0.34% of iShares Floating Rate Bond ETF worth $24,583,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Continental Investors Services Inc. lifted its position in iShares Floating Rate Bond ETF by 2.6% during the third quarter. Continental Investors Services Inc. now owns 7,884 shares of the company’s stock worth $401,000 after acquiring an additional 202 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in iShares Floating Rate Bond ETF by 1.5% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,350 shares of the company’s stock worth $732,000 after acquiring an additional 214 shares during the last quarter. Y.D. More Investments Ltd lifted its position in iShares Floating Rate Bond ETF by 1.2% during the fourth quarter. Y.D. More Investments Ltd now owns 21,150 shares of the company’s stock worth $1,076,000 after acquiring an additional 250 shares during the last quarter. Legacy Capital Wealth Partners LLC lifted its position in iShares Floating Rate Bond ETF by 0.5% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 52,254 shares of the company’s stock worth $2,659,000 after acquiring an additional 255 shares during the last quarter. Finally, Flagstar Advisors Inc. lifted its position in iShares Floating Rate Bond ETF by 1.4% during the third quarter. Flagstar Advisors Inc. now owns 22,307 shares of the company’s stock worth $1,139,000 after acquiring an additional 315 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock opened at $51.10 on Friday. The firm has a 50 day moving average price of $50.97 and a two-hundred day moving average price of $50.96. 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 Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.1912 per share. The ex-dividend date is Monday, March 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.