iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Pinnacle Financial Partners Inc

Posted by Maurice Goldstein on Nov 15th, 2024

Pinnacle Financial Partners Inc cut its position in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 17.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 19,417 shares of the company’s stock after selling 4,178 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in iShares Floating Rate Bond ETF were worth $991,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Csenge Advisory Group increased its holdings in iShares Floating Rate Bond ETF by 3.1% during the 2nd quarter. Csenge Advisory Group now owns 31,654 shares of the company’s stock worth $1,617,000 after purchasing an additional 953 shares during the last quarter. HTLF Bank acquired a new stake in iShares Floating Rate Bond ETF in the second quarter valued at $301,000. Quadrature Capital Ltd acquired a new stake in iShares Floating Rate Bond ETF in the first quarter valued at $809,000. Lionsbridge Wealth Management LLC bought a new position in iShares Floating Rate Bond ETF during the 2nd quarter valued at $1,154,000. Finally, Principal Financial Group Inc. grew its holdings in iShares Floating Rate Bond ETF by 79.2% during the 2nd quarter. Principal Financial Group Inc. now owns 42,075 shares of the company’s stock worth $2,150,000 after acquiring an additional 18,600 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of iShares Floating Rate Bond ETF stock opened at $50.95 on Friday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The firm’s 50-day simple moving average is $50.94 and its 200-day simple moving average is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.26 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

iShares Floating Rate Bond ETF Profile

(Free Report)

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.