Raymond James & Associates Decreases Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Raymond James & Associates lessened its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 75.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,378 shares of the company’s stock after selling 237,260 shares during the period. Raymond James & Associates owned approximately 0.05% of iShares Floating Rate Bond ETF worth $4,000,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLOT. Private Advisor Group LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 4.3% in the 1st quarter. Private Advisor Group LLC now owns 116,422 shares of the company’s stock valued at $5,945,000 after purchasing an additional 4,780 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at $580,000. Sequoia Financial Advisors LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 12.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,771 shares of the company’s stock valued at $346,000 after purchasing an additional 755 shares in the last quarter. Concourse Financial Group Securities Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 8.0% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 3,695 shares of the company’s stock valued at $189,000 after purchasing an additional 275 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of iShares Floating Rate Bond ETF by 70.5% in the 1st quarter. BNP Paribas Financial Markets now owns 77,567 shares of the company’s stock valued at $3,961,000 after purchasing an additional 32,065 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $50.85 on Friday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The firm’s fifty day simple moving average is $50.95 and its 200-day simple moving average is $50.97.

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 issued a $0.26 dividend. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, September 3rd.

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.