WealthTrust Asset Management LLC Trims Position in iShares Floating Rate Bond ETF (BATS:FLOT)

WealthTrust Asset Management LLC trimmed its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 64.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,945 shares of the company’s stock after selling 89,865 shares during the period. iShares Floating Rate Bond ETF accounts for 1.8% of WealthTrust Asset Management LLC’s portfolio, making the stock its 15th largest holding. WealthTrust Asset Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,501,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FLOT. Pineridge Advisors LLC raised its position in shares of iShares Floating Rate Bond ETF by 172.0% during the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after buying an additional 430 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at $50,000. LRI Investments LLC purchased a new stake in iShares Floating Rate Bond ETF in the 1st quarter worth $82,000. Cove Street Capital LLC bought a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter valued at about $111,000. Finally, Cranbrook Wealth Management LLC bought a new position in shares of iShares Floating Rate Bond ETF during the 2nd quarter valued at about $126,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $50.97 on Friday. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10. The stock’s 50-day moving average price is $50.94 and its 200-day moving average price is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.26 dividend. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 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.