Bank of Montreal Can Decreases Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Bank of Montreal Can trimmed its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 28.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 45,422 shares of the company’s stock after selling 18,350 shares during the quarter. Bank of Montreal Can’s holdings in iShares Floating Rate Bond ETF were worth $2,320,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Northern Trust Corp raised its position in shares of iShares Floating Rate Bond ETF by 17.3% during the 4th quarter. Northern Trust Corp now owns 4,310,607 shares of the company’s stock valued at $218,203,000 after buying an additional 636,112 shares in the last quarter. LPL Financial LLC grew its holdings in iShares Floating Rate Bond ETF by 9.3% during the 2nd quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock valued at $178,620,000 after purchasing an additional 298,003 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in iShares Floating Rate Bond ETF by 12.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,968,004 shares of the company’s stock valued at $100,545,000 after purchasing an additional 215,886 shares during the last quarter. Scarborough Advisors LLC grew its holdings in iShares Floating Rate Bond ETF by 1,437.5% during the 4th quarter. Scarborough Advisors LLC now owns 1,299,349 shares of the company’s stock valued at $65,773,000 after purchasing an additional 1,214,838 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in iShares Floating Rate Bond ETF by 18.3% during the 2nd quarter. Hsbc Holdings PLC now owns 1,259,703 shares of the company’s stock valued at $64,358,000 after purchasing an additional 194,624 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0 %

Shares of BATS:FLOT opened at $50.86 on Friday. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The firm’s 50-day moving average is $50.93 and its 200 day moving average is $50.97.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.26 per share. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, September 3rd.

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.