Smithfield Trust Co Reduces Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Smithfield Trust Co reduced its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 18.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,323 shares of the company’s stock after selling 1,932 shares during the period. Smithfield Trust Co’s holdings in iShares Floating Rate Bond ETF were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLOT. Continental Investors Services Inc. raised its stake in iShares Floating Rate Bond ETF by 2.6% during the third quarter. Continental Investors Services Inc. now owns 7,884 shares of the company’s stock valued at $401,000 after purchasing an additional 202 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in iShares Floating Rate Bond ETF by 1.5% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 14,350 shares of the company’s stock valued at $732,000 after purchasing an additional 214 shares in the last quarter. Y.D. More Investments Ltd raised its stake in iShares Floating Rate Bond ETF by 1.2% during the fourth quarter. Y.D. More Investments Ltd now owns 21,150 shares of the company’s stock valued at $1,076,000 after purchasing an additional 250 shares in the last quarter. Legacy Capital Wealth Partners LLC grew its position in iShares Floating Rate Bond ETF by 0.5% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 52,254 shares of the company’s stock worth $2,659,000 after acquiring an additional 255 shares in the last quarter. Finally, Flagstar Advisors Inc. grew its position in iShares Floating Rate Bond ETF by 1.4% in the third quarter. Flagstar Advisors Inc. now owns 22,307 shares of the company’s stock worth $1,139,000 after acquiring an additional 315 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.1 %

FLOT opened at $50.91 on Thursday. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The stock has a 50-day moving average of $50.98 and a 200 day moving average of $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

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