Oxinas Partners Wealth Management LLC Sells 13,530 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Oxinas Partners Wealth Management LLC lowered its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 30.1% in the 2nd quarter, Holdings Channel reports. The firm owned 31,484 shares of the company’s stock after selling 13,530 shares during the period. iShares Floating Rate Bond ETF accounts for 1.1% of Oxinas Partners Wealth Management LLC’s portfolio, making the stock its 28th biggest holding. Oxinas Partners Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,609,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Pineridge Advisors LLC grew its position in iShares Floating Rate Bond ETF by 172.0% in the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after purchasing an additional 430 shares during the period. Opal Wealth Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF during the second quarter valued at $50,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in iShares Floating Rate Bond ETF during the fourth quarter valued at $73,000. LRI Investments LLC bought a new position in iShares Floating Rate Bond ETF in the first quarter valued at about $82,000. Finally, Cove Street Capital LLC purchased a new position in iShares Floating Rate Bond ETF in the fourth quarter worth about $111,000.

iShares Floating Rate Bond ETF Trading Up 0.1 %

Shares of iShares Floating Rate Bond ETF stock traded up $0.06 during trading hours on Tuesday, reaching $51.07. 1,241,547 shares of the stock traded hands. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10. The company has a 50 day moving average price of $50.95 and a 200 day moving average price of $50.97.

iShares Floating Rate Bond ETF Increases Dividend

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

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.