Vectors Research Management LLC Cuts Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Vectors Research Management LLC lessened its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,716 shares of the company’s stock after selling 1,681 shares during the period. Vectors Research Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,078,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC bought a new position in iShares Floating Rate Bond ETF in the 3rd quarter worth about $27,000. Pineridge Advisors LLC boosted its position in shares of iShares Floating Rate Bond ETF by 172.0% during the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after acquiring an additional 430 shares in the last quarter. Eastern Bank acquired a new position in iShares Floating Rate Bond ETF in the third quarter valued at $41,000. Opal Wealth Advisors LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the second quarter valued at about $50,000. Finally, LRI Investments LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the first quarter valued at approximately $82,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $50.95 on Friday. The firm has a fifty day moving average of $50.94 and a two-hundred day moving average of $50.96. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

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

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.