M&T Bank Corp Has $2.82 Million Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

M&T Bank Corp cut its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,684 shares of the company’s stock after selling 12,586 shares during the quarter. M&T Bank Corp’s holdings in iShares Floating Rate Bond ETF were worth $2,819,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FLOT. Ameriprise Financial Inc. raised its holdings in iShares Floating Rate Bond ETF by 156.2% in the third 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 raised its stake in iShares Floating Rate Bond ETF by 24.0% during 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 period. TRUE Private Wealth Advisors bought a new position in iShares Floating Rate Bond ETF during the third quarter worth about $29,553,000. Cape Cod Five Cents Savings Bank grew its stake in iShares Floating Rate Bond ETF by 103.7% in the third quarter. Cape Cod Five Cents Savings Bank now owns 840,858 shares of the company’s stock valued at $42,791,000 after acquiring an additional 427,981 shares during the period. Finally, Greystone Financial Group LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 7,095.7% in the third 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 in the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0 %

BATS:FLOT opened at $50.93 on Wednesday. The business’s 50-day simple moving average is $50.95 and its 200-day simple moving average is $50.83. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

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

iShares Floating Rate Bond ETF Company 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.