Verdence Capital Advisors LLC Lowers Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Verdence Capital Advisors LLC cut its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 4.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 63,320 shares of the company’s stock after selling 3,043 shares during the quarter. Verdence Capital Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $3,235,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FLOT. Scarborough Advisors LLC increased its stake in iShares Floating Rate Bond ETF by 1,437.5% during the fourth quarter. Scarborough Advisors LLC now owns 1,299,349 shares of the company’s stock worth $65,773,000 after acquiring an additional 1,214,838 shares during the last quarter. Cetera Investment Advisers lifted its position in iShares Floating Rate Bond ETF by 409.4% during the first quarter. Cetera Investment Advisers now owns 857,542 shares of the company’s stock valued at $43,786,000 after buying an additional 689,212 shares in the last quarter. Northern Trust Corp lifted its position in iShares Floating Rate Bond ETF by 17.3% during the fourth quarter. Northern Trust Corp now owns 4,310,607 shares of the company’s stock valued at $218,203,000 after buying an additional 636,112 shares in the last quarter. Apollon Wealth Management LLC grew its stake in iShares Floating Rate Bond ETF by 3,178.1% during the fourth quarter. Apollon Wealth Management LLC now owns 566,559 shares of the company’s stock worth $28,679,000 after buying an additional 549,276 shares during the period. Finally, Jane Street Group LLC increased its position in shares of iShares Floating Rate Bond ETF by 155.2% in the first quarter. Jane Street Group LLC now owns 872,495 shares of the company’s stock worth $44,550,000 after acquiring an additional 530,610 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT traded down $0.01 during midday trading on Monday, hitting $51.02. 870,042 shares of the company’s stock traded hands. 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 moving average price is $50.95 and its two-hundred day moving average price is $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

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

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.