ST Germain D J Co. Inc. Lowers Position in iShares Floating Rate Bond ETF (BATS:FLOT)

ST Germain D J Co. Inc. lessened its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 23.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,022 shares of the company’s stock after selling 305 shares during the quarter. ST Germain D J Co. Inc.’s holdings in iShares Floating Rate Bond ETF were worth $52,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. SouthState Corp bought a new position in iShares Floating Rate Bond ETF during the 4th quarter valued at $32,000. Pineridge Advisors LLC lifted its position in shares of iShares Floating Rate Bond ETF by 172.0% during the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 430 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in iShares Floating Rate Bond ETF by 444.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock worth $41,000 after purchasing an additional 654 shares during the last quarter. Atlantic Edge Private Wealth Management LLC bought a new stake in iShares Floating Rate Bond ETF in the 4th quarter worth about $73,000. Finally, LRI Investments LLC purchased a new stake in iShares Floating Rate Bond ETF in the 1st quarter valued at about $82,000.

iShares Floating Rate Bond ETF Price Performance

Shares of iShares Floating Rate Bond ETF stock traded up $0.14 during mid-day trading on Tuesday, hitting $50.78. 1,787,985 shares of the stock were exchanged. The company has a 50-day simple moving average of $50.98 and a 200 day simple moving average 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 firm also recently declared a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were issued a dividend of $0.2494 per share. The ex-dividend date was Monday, July 1st.

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.