iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lowered its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,500 shares of the company’s stock after selling 837 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,250,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC purchased a new stake in iShares Floating Rate Bond ETF in the 3rd quarter worth $27,000. Pineridge Advisors LLC lifted its position in shares of iShares Floating Rate Bond ETF by 172.0% in the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after acquiring an additional 430 shares in the last quarter. Eastern Bank purchased a new position in shares of iShares Floating Rate Bond ETF in the third quarter valued at approximately $41,000. Opal Wealth Advisors LLC acquired a new position in iShares Floating Rate Bond ETF in the 2nd quarter valued at $50,000. Finally, LRI Investments LLC acquired a new stake in iShares Floating Rate Bond ETF during the 1st quarter worth $82,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $50.88 on Tuesday. The business has a 50 day simple moving average of $50.95 and a 200-day simple moving average of $50.96. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.26 per share. This is a boost 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.