iShares Floating Rate Bond ETF (BATS:FLOT) Holdings Reduced by Financial Advocates Investment Management

Financial Advocates Investment Management cut its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 74.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,295 shares of the company’s stock after selling 82,029 shares during the period. Financial Advocates Investment Management’s holdings in iShares Floating Rate Bond ETF were worth $1,442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FLOT. J.W. Cole Advisors Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF by 29.3% in the first quarter. J.W. Cole Advisors Inc. now owns 18,544 shares of the company’s stock valued at $947,000 after acquiring an additional 4,199 shares in the last quarter. Private Advisor Group LLC lifted its stake in iShares Floating Rate Bond ETF by 4.3% during the first quarter. Private Advisor Group LLC now owns 116,422 shares of the company’s stock valued at $5,945,000 after purchasing an additional 4,780 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in iShares Floating Rate Bond ETF during the first quarter valued at approximately $580,000. Sequoia Financial Advisors LLC lifted its stake in iShares Floating Rate Bond ETF by 12.5% during the first quarter. Sequoia Financial Advisors LLC now owns 6,771 shares of the company’s stock valued at $346,000 after purchasing an additional 755 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. lifted its stake in iShares Floating Rate Bond ETF by 8.0% during the first quarter. Concourse Financial Group Securities Inc. now owns 3,695 shares of the company’s stock valued at $189,000 after purchasing an additional 275 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

FLOT stock opened at $51.03 on Friday. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The firm has a 50 day simple moving average of $50.96 and a 200 day simple moving average of $50.97.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change 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.