iShares Floating Rate Bond ETF (BATS:FLOT) Stock Position Decreased by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC cut its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 33.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,980 shares of the company’s stock after selling 1,960 shares during the period. Peddock Capital Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Pineridge Advisors LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 172.0% during the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after acquiring an additional 430 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the 2nd quarter valued at about $50,000. LRI Investments LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the 1st quarter valued at about $82,000. Cranbrook Wealth Management LLC acquired a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at approximately $126,000. Finally, Webster Bank N. A. acquired a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at approximately $151,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT traded up $0.01 during midday trading on Wednesday, reaching $50.90. The company’s stock had a trading volume of 738,502 shares. The company has a fifty day simple moving average of $50.92 and a 200 day simple moving average of $50.96. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.26 dividend. The ex-dividend date was Tuesday, September 3rd. This is a positive change 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.