Ausdal Financial Partners Inc. Sells 5,342 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Ausdal Financial Partners Inc. lessened its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 27.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,297 shares of the company’s stock after selling 5,342 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in iShares Floating Rate Bond ETF were worth $727,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC grew its position in shares of iShares Floating Rate Bond ETF by 2,108.2% in the 4th quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock valued at $231,716,000 after buying an additional 4,347,920 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 31.0% in the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock worth $240,430,000 after acquiring an additional 1,118,243 shares during the period. Raymond James Financial Inc. bought a new stake in iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $43,863,000. New York Life Investment Management LLC increased its position in iShares Floating Rate Bond ETF by 12.8% during the 4th quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock valued at $155,445,000 after purchasing an additional 347,836 shares during the period. Finally, Hartline Investment Corp raised its holdings in iShares Floating Rate Bond ETF by 80.8% during the 4th quarter. Hartline Investment Corp now owns 721,221 shares of the company’s stock worth $36,696,000 after purchasing an additional 322,286 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.1 %

BATS:FLOT opened at $51.04 on Friday. iShares Floating Rate Bond ETF has a 52 week low of $50.28 and a 52 week high of $51.16. The firm’s fifty day moving average is $51.00 and its 200-day moving average is $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1912 per share. The ex-dividend date was Monday, March 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.