Addison Advisors LLC Sells 3,345 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Addison Advisors LLC reduced its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 39.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,050 shares of the company’s stock after selling 3,345 shares during the period. Addison Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 195.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock valued at $33,000 after buying an additional 434 shares during the period. Planned Solutions Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at $33,000. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of iShares Floating Rate Bond ETF by 64.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock worth $71,000 after purchasing an additional 550 shares during the period. Sheets Smith Wealth Management acquired a new stake in shares of iShares Floating Rate Bond ETF during the third quarter worth $76,000. Finally, NBC Securities Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF during the third quarter worth $146,000.

iShares Floating Rate Bond ETF Stock Down 0.0 %

Shares of iShares Floating Rate Bond ETF stock traded down $0.01 during trading on Friday, reaching $51.04. 1,485,999 shares of the company were exchanged. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The business has a 50-day moving average price of $50.96 and a 200-day moving average price of $50.81.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.2559 per share. The ex-dividend date was Monday, April 1st. 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.