Anchor Capital Advisors LLC Trims Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Anchor Capital Advisors LLC reduced its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.1% in the 4th quarter, Holdings Channel reports. The firm owned 26,226 shares of the company’s stock after selling 1,120 shares during the period. Anchor Capital Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,328,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FLOT. First Horizon Advisors Inc. grew its position in shares of iShares Floating Rate Bond ETF by 195.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock valued at $33,000 after buying an additional 434 shares during the last quarter. Planned Solutions Inc. bought a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $33,000. Farmers & Merchants Trust Co of Chambersburg PA grew its position in iShares Floating Rate Bond ETF by 64.2% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock worth $71,000 after acquiring an additional 550 shares during the last quarter. Sheets Smith Wealth Management bought a new position in iShares Floating Rate Bond ETF in the third quarter valued at approximately $76,000. Finally, NBC Securities Inc. bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $146,000.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT traded up $0.04 on Tuesday, hitting $51.08. The company had a trading volume of 981,463 shares. The stock has a 50 day moving average price of $50.96 and a 200 day moving average price of $50.82. 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 business also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders 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 a boost 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.