iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Toews Corp ADV

Toews Corp ADV lowered its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 5.2% during the fourth quarter, Holdings Channel reports. The firm owned 36,437 shares of the company’s stock after selling 2,000 shares during the period. iShares Floating Rate Bond ETF makes up approximately 1.1% of Toews Corp ADV’s investment portfolio, making the stock its 4th biggest position. Toews Corp ADV’s holdings in iShares Floating Rate Bond ETF were worth $1,854,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Franklin Resources Inc. increased its position in shares of iShares Floating Rate Bond ETF by 31.0% in the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock worth $240,430,000 after purchasing an additional 1,118,243 shares during the period. DAVENPORT & Co LLC grew its position in iShares Floating Rate Bond ETF by 15.6% in the fourth quarter. DAVENPORT & Co LLC now owns 1,284,553 shares of the company’s stock valued at $65,358,000 after acquiring an additional 172,943 shares during the last quarter. Haverford Trust Co grew its position in iShares Floating Rate Bond ETF by 1.4% in the third quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock valued at $59,608,000 after acquiring an additional 16,112 shares during the last quarter. Truist Financial Corp grew its position in iShares Floating Rate Bond ETF by 16.9% in the fourth quarter. Truist Financial Corp now owns 1,030,346 shares of the company’s stock valued at $52,424,000 after acquiring an additional 148,673 shares during the last quarter. Finally, Demars Financial Group LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 0.9% during the third quarter. Demars Financial Group LLC now owns 743,108 shares of the company’s stock worth $37,928,000 after purchasing an additional 6,805 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $51.05 on Friday. The stock’s 50-day moving average is $50.95 and its 200-day moving average is $50.95. 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. Stockholders 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.