US Financial Advisors LLC Trims Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

US Financial Advisors LLC cut its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,782 shares of the company’s stock after selling 4,435 shares during the quarter. iShares Floating Rate Bond ETF makes up approximately 1.3% of US Financial Advisors LLC’s holdings, making the stock its 24th largest holding. US Financial Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $4,174,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC bought a new position in iShares Floating Rate Bond ETF during the third quarter worth $27,000. Pineridge Advisors LLC lifted its position in shares of iShares Floating Rate Bond ETF by 172.0% in the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after buying an additional 430 shares during the last quarter. Eastern Bank acquired a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at about $41,000. Opal Wealth Advisors LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 2nd quarter valued at about $50,000. Finally, LRI Investments LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 1st quarter valued at about $82,000.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS FLOT opened at $50.91 on Thursday. The firm’s 50-day moving average price is $50.94 and its two-hundred day moving average price is $50.96. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently disclosed 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. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date 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.