iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by TAP Consulting LLC

TAP Consulting LLC decreased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 47.3% in the 4th quarter, HoldingsChannel reports. The firm owned 60,781 shares of the company’s stock after selling 54,635 shares during the period. TAP Consulting LLC’s holdings in iShares Floating Rate Bond ETF were worth $3,077,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 156.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,959,885 shares of the company’s stock worth $150,676,000 after purchasing an additional 1,804,501 shares during the period. Northern Trust Corp boosted its stake in iShares Floating Rate Bond ETF by 24.0% in the 3rd quarter. Northern Trust Corp now owns 3,674,495 shares of the company’s stock worth $186,995,000 after buying an additional 712,205 shares during the last quarter. TRUE Private Wealth Advisors acquired a new stake in iShares Floating Rate Bond ETF in the 3rd quarter worth about $29,553,000. Cape Cod Five Cents Savings Bank grew its holdings in iShares Floating Rate Bond ETF by 103.7% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 840,858 shares of the company’s stock valued at $42,791,000 after buying an additional 427,981 shares during the period. Finally, Greystone Financial Group LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 7,095.7% during the 3rd quarter. Greystone Financial Group LLC now owns 302,077 shares of the company’s stock worth $15,373,000 after acquiring an additional 297,879 shares during the period.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT traded up $0.03 during mid-day trading on Thursday, hitting $51.04. The company had a trading volume of 2,296,376 shares. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10. The business’s 50-day simple moving average is $50.95 and its 200-day simple moving average is $50.81.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.2559 per share. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.