iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 52.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,282 shares of the company’s stock after selling 5,908 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FLOT. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the third quarter worth about $27,000. Pineridge Advisors LLC grew its holdings 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 worth $35,000 after buying an additional 430 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the second quarter worth about $50,000. LRI Investments LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the first quarter worth about $82,000. Finally, Cranbrook Wealth Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the second quarter worth about $126,000.

iShares Floating Rate Bond ETF Trading Up 0.0 %

Shares of BATS FLOT opened at $51.08 on Tuesday. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The company has a 50-day simple moving average of $50.95 and a 200-day simple moving average of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued 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.