Verdence Capital Advisors LLC Reduces Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Verdence Capital Advisors LLC reduced its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 20.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,242 shares of the company’s stock after selling 10,079 shares during the period. Verdence Capital Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,997,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Logan Capital Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC purchased a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $27,000. Boyd Watterson Asset Management LLC OH increased its holdings in iShares Floating Rate Bond ETF by 227.5% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock worth $71,000 after purchasing an additional 967 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in iShares Floating Rate Bond ETF during the 4th quarter worth approximately $100,000. Finally, Marshall Investment Management LLC purchased a new stake in iShares Floating Rate Bond ETF during the 4th quarter worth approximately $117,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $50.91 on Thursday. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10. The stock’s 50 day moving average is $50.98 and its two-hundred day moving average is $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

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

iShares Floating Rate Bond ETF 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.