Barings LLC Cuts Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Barings LLC lessened its stake in iShares Floating Rate Bond ETF (BATS:FLOTFree Report) by 14.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 884,000 shares of the company’s stock after selling 147,000 shares during the quarter. iShares Floating Rate Bond ETF makes up about 1.4% of Barings LLC’s portfolio, making the stock its 11th biggest holding. Barings LLC owned 0.63% of iShares Floating Rate Bond ETF worth $44,748,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its stake in iShares Floating Rate Bond ETF by 195.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock worth $33,000 after purchasing an additional 434 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in iShares Floating Rate Bond ETF by 40.2% during the 3rd quarter. Perigon Wealth Management LLC now owns 18,219 shares of the company’s stock worth $927,000 after purchasing an additional 5,228 shares during the last quarter. Fifth Third Bancorp boosted its stake in iShares Floating Rate Bond ETF by 244.6% during the 3rd quarter. Fifth Third Bancorp now owns 3,381 shares of the company’s stock worth $172,000 after purchasing an additional 2,400 shares during the last quarter. Ellis Investment Partners LLC acquired a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth $213,000. Finally, Greystone Financial Group LLC boosted its stake in iShares Floating Rate Bond ETF by 7,095.7% during the 3rd quarter. Greystone Financial Group LLC now owns 302,077 shares of the company’s stock worth $15,373,000 after purchasing an additional 297,879 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0 %

Shares of FLOT traded up $0.01 during mid-day trading on Tuesday, reaching $50.98. The stock had a trading volume of 655,837 shares. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10. The business’s fifty day moving average is $50.96 and its 200 day moving average is $50.83.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a $0.2559 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

iShares Floating Rate Bond ETF Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding FLOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Floating Rate Bond ETF (BATS:FLOTFree Report).

Institutional Ownership by Quarter for iShares Floating Rate Bond ETF (BATS:FLOT)

Receive News & Ratings for iShares Floating Rate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Floating Rate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.