Connecticut Wealth Management LLC Has $1.06 Million Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Connecticut Wealth Management LLC cut its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 10.6% during the 4th quarter, HoldingsChannel reports. The firm owned 21,000 shares of the company’s stock after selling 2,500 shares during the period. Connecticut Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,063,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FLOT. Avidian Wealth Solutions LLC grew its position in iShares Floating Rate Bond ETF by 5.4% during the 4th quarter. Avidian Wealth Solutions LLC now owns 21,165 shares of the company’s stock worth $1,071,000 after acquiring an additional 1,086 shares during the last quarter. Royal Fund Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth about $8,952,000. Ifrah Financial Services Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 0.3% in the fourth quarter. Ifrah Financial Services Inc. now owns 194,152 shares of the company’s stock valued at $9,828,000 after buying an additional 589 shares during the period. Blue Fin Capital Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 6.9% in the fourth quarter. Blue Fin Capital Inc. now owns 18,447 shares of the company’s stock valued at $934,000 after buying an additional 1,192 shares during the period. Finally, Loudon Investment Management LLC raised its holdings in iShares Floating Rate Bond ETF by 14.6% in the 4th quarter. Loudon Investment Management LLC now owns 12,247 shares of the company’s stock valued at $623,000 after buying an additional 1,560 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0 %

FLOT traded up $0.02 during trading on Friday, reaching $50.90. 942,290 shares of the company’s stock were exchanged. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10. The firm has a fifty day moving average price of $50.96 and a two-hundred day moving average price of $50.82.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a $0.2559 dividend. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Monday, April 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.