iShares Floating Rate Bond ETF (BATS:FLOT) is Demars Financial Group LLC’s 2nd Largest Position

Demars Financial Group LLC cut its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 736,303 shares of the company’s stock after selling 10,383 shares during the period. iShares Floating Rate Bond ETF comprises approximately 18.0% of Demars Financial Group LLC’s portfolio, making the stock its 2nd largest position. Demars Financial Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $37,618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SouthState Corp acquired a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth about $32,000. Pineridge Advisors LLC grew its stake in shares of iShares Floating Rate Bond ETF by 172.0% in the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 430 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of 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 purchasing an additional 654 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the second quarter valued at approximately $50,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth approximately $73,000.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT traded up $0.03 during midday trading on Friday, reaching $50.91. The stock had a trading volume of 842,086 shares. The firm has a fifty day simple moving average of $50.95 and a two-hundred day simple moving average of $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. Stockholders of record on Monday, July 1st were issued a $0.2494 dividend. The ex-dividend date of this dividend was Monday, July 1st.

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.