Ascent Group LLC Trims Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Ascent Group LLC lowered its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 9.3% during the 1st quarter, HoldingsChannel reports. The firm owned 6,507 shares of the company’s stock after selling 664 shares during the period. Ascent Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $332,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SouthState Corp purchased a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter valued at $32,000. SRS Capital Advisors Inc. increased its stake in iShares Floating Rate Bond ETF by 444.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock valued at $41,000 after acquiring an additional 654 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its position in iShares Floating Rate Bond ETF by 64.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after purchasing an additional 550 shares in the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new stake in iShares Floating Rate Bond ETF during the fourth quarter valued at about $73,000. Finally, LRI Investments LLC bought a new stake in iShares Floating Rate Bond ETF during the first quarter worth about $82,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT traded up $0.01 during midday trading on Monday, reaching $51.08. The stock had a trading volume of 2,410,602 shares. The company’s 50-day moving average is $51.00 and its 200 day moving average is $50.95. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were paid a $0.2494 dividend. The ex-dividend date was Monday, July 1st.

iShares Floating Rate Bond ETF Company 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.