White Pine Capital LLC Has $3.78 Million Position in iShares Floating Rate Bond ETF (BATS:FLOT)

White Pine Capital LLC lessened its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 23.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 74,232 shares of the company’s stock after selling 22,617 shares during the quarter. iShares Floating Rate Bond ETF accounts for 1.3% of White Pine Capital LLC’s holdings, making the stock its 13th biggest position. White Pine Capital LLC’s holdings in iShares Floating Rate Bond ETF were worth $3,777,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FLOT. JPMorgan Chase & Co. raised its position in iShares Floating Rate Bond ETF by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock worth $35,489,000 after acquiring an additional 91,686 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in iShares Floating Rate Bond ETF by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,002 shares of the company’s stock worth $1,276,000 after buying an additional 502 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in iShares Floating Rate Bond ETF by 55.6% during the fourth quarter. Kingsview Wealth Management LLC now owns 47,146 shares of the company’s stock worth $2,399,000 after buying an additional 16,856 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of iShares Floating Rate Bond ETF by 14.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 103,726 shares of the company’s stock valued at $5,294,000 after purchasing an additional 12,859 shares in the last quarter. Finally, Atria Investments Inc boosted its stake in shares of iShares Floating Rate Bond ETF by 65.0% in the 3rd quarter. Atria Investments Inc now owns 15,177 shares of the company’s stock valued at $775,000 after purchasing an additional 5,979 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

FLOT opened at $50.98 on Friday. The company’s 50 day moving average is $50.94 and its 200-day moving average is $50.94. 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 Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2021 per share. The ex-dividend date of this dividend was Monday, February 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.