Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 9,861 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lowered its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,434 shares of the company’s stock after selling 9,861 shares during the period. iShares Floating Rate Bond ETF comprises about 0.9% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings, making the stock its 20th largest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors owned approximately 0.08% of iShares Floating Rate Bond ETF worth $5,841,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at about $288,000. Founders Financial Securities LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at about $222,000. SteelPeak Wealth LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 19.5% in the 1st quarter. SteelPeak Wealth LLC now owns 6,085 shares of the company’s stock valued at $311,000 after acquiring an additional 993 shares during the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 2.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 75,006 shares of the company’s stock valued at $3,830,000 after acquiring an additional 1,991 shares during the last quarter. Finally, Narus Financial Partners LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at about $295,000.

iShares Floating Rate Bond ETF Stock Up 0.1 %

BATS:FLOT traded up $0.05 during mid-day trading on Monday, reaching $51.06. 1,038,292 shares of the company’s stock traded hands. The company has a 50 day moving average price of $50.95 and a 200-day moving average price of $50.96. 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 Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, September 3rd. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.