Sheets Smith Wealth Management decreased its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 27.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,886 shares of the company’s stock after selling 13,728 shares during the period. Sheets Smith Wealth Management’s holdings in iShares Floating Rate Bond ETF were worth $1,807,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Hawaiian Bank raised its stake in shares of iShares Floating Rate Bond ETF by 6.6% in the fourth quarter. First Hawaiian Bank now owns 36,892 shares of the company’s stock valued at $1,858,000 after acquiring an additional 2,295 shares during the last quarter. Astor Investment Management LLC raised its stake in shares of iShares Floating Rate Bond ETF by 56.4% in the fourth quarter. Astor Investment Management LLC now owns 8,337 shares of the company’s stock valued at $419,000 after acquiring an additional 3,006 shares during the last quarter. Chesley Taft & Associates LLC raised its stake in shares of iShares Floating Rate Bond ETF by 27.6% in the fourth quarter. Chesley Taft & Associates LLC now owns 57,950 shares of the company’s stock valued at $2,918,000 after acquiring an additional 12,525 shares during the last quarter. Hollencrest Capital Management raised its stake in shares of iShares Floating Rate Bond ETF by 6.7% in the fourth quarter. Hollencrest Capital Management now owns 11,716 shares of the company’s stock valued at $590,000 after acquiring an additional 735 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in shares of iShares Floating Rate Bond ETF by 11.7% in the third quarter. Rehmann Capital Advisory Group now owns 13,946 shares of the company’s stock valued at $712,000 after acquiring an additional 1,456 shares during the last quarter.

Shares of BATS:FLOT traded down $0.01 during trading on Friday, reaching $50.44. The stock had a trading volume of 1,281,956 shares. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10.

The company also recently announced a monthly dividend, which was paid on Monday, December 24th. Stockholders of record on Wednesday, December 19th were paid a $0.1236 dividend. The ex-dividend date was Tuesday, December 18th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.94%. This is a boost from iShares Floating Rate Bond ETF’s previous monthly dividend of $0.12.

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Further Reading: Asset Allocation

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Institutional Ownership by Quarter for iShares Floating Rate Bond ETF (BATS:FLOT)

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