iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lowered its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 22.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,321 shares of the company’s stock after selling 13,999 shares during the quarter. Verdence Capital Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,517,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pine Valley Investments Ltd Liability Co grew its stake in shares of iShares Floating Rate Bond ETF by 1.5% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 14,136 shares of the company’s stock valued at $722,000 after buying an additional 210 shares during the period. Schmidt P J Investment Management Inc. increased its stake in iShares Floating Rate Bond ETF by 4.4% during the second quarter. Schmidt P J Investment Management Inc. now owns 5,597 shares of the company’s stock worth $286,000 after acquiring an additional 235 shares during the last quarter. Spire Wealth Management raised its position in iShares Floating Rate Bond ETF by 3.5% in the second quarter. Spire Wealth Management now owns 6,994 shares of the company’s stock valued at $357,000 after purchasing an additional 236 shares during the period. Western Financial Corp CA lifted its stake in shares of iShares Floating Rate Bond ETF by 1.9% in the 3rd quarter. Western Financial Corp CA now owns 13,592 shares of the company’s stock valued at $694,000 after purchasing an additional 256 shares during the last quarter. Finally, Schwab Charitable Fund lifted its stake in shares of iShares Floating Rate Bond ETF by 1.0% in the 1st quarter. Schwab Charitable Fund now owns 27,106 shares of the company’s stock valued at $1,384,000 after purchasing an additional 265 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $50.94 on Friday. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10. The business has a 50-day moving average price of $50.94 and a 200 day moving average price of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, September 3rd. This is a boost 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.