iShares Floating Rate Bond ETF (BATS:FLOT) is Diversified Portfolios Inc.’s 6th Largest Position

Diversified Portfolios Inc. lowered its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 641,040 shares of the company’s stock after selling 13,453 shares during the quarter. iShares Floating Rate Bond ETF makes up approximately 3.6% of Diversified Portfolios Inc.’s holdings, making the stock its 6th biggest position. Diversified Portfolios Inc.’s holdings in iShares Floating Rate Bond ETF were worth $32,616,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FLOT. Franklin Resources Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF by 31.0% during the 3rd quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock valued at $240,430,000 after buying an additional 1,118,243 shares during the last quarter. US Bancorp DE lifted its stake in iShares Floating Rate Bond ETF by 143.8% in the third quarter. US Bancorp DE now owns 624,945 shares of the company’s stock valued at $31,897,000 after acquiring an additional 368,596 shares during the last quarter. Hartline Investment Corp lifted its stake in iShares Floating Rate Bond ETF by 80.8% in the fourth quarter. Hartline Investment Corp now owns 721,221 shares of the company’s stock valued at $36,696,000 after acquiring an additional 322,286 shares during the last quarter. Mutual Advisors LLC grew its position in iShares Floating Rate Bond ETF by 880.7% in the fourth quarter. Mutual Advisors LLC now owns 249,801 shares of the company’s stock worth $12,740,000 after acquiring an additional 224,329 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in shares of iShares Floating Rate Bond ETF by 510.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 229,208 shares of the company’s stock worth $11,699,000 after purchasing an additional 191,633 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.0 %

FLOT stock opened at $50.96 on Wednesday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The company has a fifty day simple moving average of $50.94 and a 200 day simple moving average of $50.94.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.2021 dividend. The ex-dividend date was Monday, February 3rd.

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.