Archer Investment Corp Decreases Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Archer Investment Corp decreased its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 71.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,064 shares of the company’s stock after selling 5,119 shares during the period. Archer Investment Corp’s holdings in iShares Floating Rate Bond ETF were worth $105,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of FLOT. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the third quarter valued at $27,000. 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 worth $35,000 after acquiring an additional 430 shares in the last quarter. Eastern Bank bought a new position in shares of iShares Floating Rate Bond ETF in the third quarter worth $41,000. Opal Wealth Advisors LLC bought a new position in shares of iShares Floating Rate Bond ETF in the second quarter worth $50,000. Finally, LRI Investments LLC purchased a new stake in iShares Floating Rate Bond ETF during the 1st quarter worth about $82,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT opened at $50.97 on Friday. The business has a 50-day simple moving average of $50.94 and a two-hundred day simple moving average of $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 company 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. The ex-dividend date was Tuesday, September 3rd. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

About iShares Floating Rate Bond ETF

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.