Principal Financial Group Inc. Trims Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Principal Financial Group Inc. lowered its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 51.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,300 shares of the company’s stock after selling 21,775 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,036,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at $27,000. Pineridge Advisors LLC boosted its stake in iShares Floating Rate Bond ETF by 172.0% during the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after buying an additional 430 shares during the period. Eastern Bank acquired a new stake in shares of iShares Floating Rate Bond ETF during the third quarter valued at about $41,000. Opal Wealth Advisors LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the 2nd quarter valued at approximately $50,000. Finally, LRI Investments LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 1st quarter worth approximately $82,000.

iShares Floating Rate Bond ETF Trading Up 0.0 %

iShares Floating Rate Bond ETF stock opened at $51.04 on Friday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10. The firm has a 50 day moving average price of $50.96 and a 200 day moving average price of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. 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.