Bank of New York Mellon Corp Has $2.63 Million Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Bank of New York Mellon Corp reduced its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,487 shares of the company’s stock after selling 1,915 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Floating Rate Bond ETF were worth $2,630,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Pineridge Advisors LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 172.0% in the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 430 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in iShares Floating Rate Bond ETF in the second quarter valued at about $50,000. LRI Investments LLC acquired a new position in iShares Floating Rate Bond ETF during the first quarter worth about $82,000. Cove Street Capital LLC bought a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter worth about $111,000. Finally, Principal Securities Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at approximately $143,000.

iShares Floating Rate Bond ETF Stock Down 0.0 %

Shares of iShares Floating Rate Bond ETF stock opened at $50.93 on Tuesday. The firm’s 50 day moving average is $50.94 and its 200 day moving average is $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 announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, September 3rd. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.