Powell Investment Advisors LLC Sells 1,275 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Powell Investment Advisors LLC lessened its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 7.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 14,997 shares of the company’s stock after selling 1,275 shares during the period. Powell Investment Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of FLOT. Haverford Financial Services Inc. grew its position in iShares Floating Rate Bond ETF by 3.6% in the 4th quarter. Haverford Financial Services Inc. now owns 5,962 shares of the company’s stock worth $302,000 after purchasing an additional 208 shares during the last quarter. IPG Investment Advisors LLC boosted its position in shares of iShares Floating Rate Bond ETF by 6.7% during the 4th quarter. IPG Investment Advisors LLC now owns 4,900 shares of the company’s stock valued at $248,000 after acquiring an additional 307 shares in the last quarter. Revisor Wealth Management LLC boosted its position in shares of iShares Floating Rate Bond ETF by 7.8% during the 4th quarter. Revisor Wealth Management LLC now owns 4,778 shares of the company’s stock valued at $242,000 after acquiring an additional 344 shares in the last quarter. Disciplined Investments LLC boosted its position in shares of iShares Floating Rate Bond ETF by 2.2% during the 1st quarter. Disciplined Investments LLC now owns 16,814 shares of the company’s stock valued at $859,000 after acquiring an additional 357 shares in the last quarter. Finally, First International Bank & Trust boosted its position in shares of iShares Floating Rate Bond ETF by 5.3% during the 4th quarter. First International Bank & Trust now owns 7,742 shares of the company’s stock valued at $392,000 after acquiring an additional 393 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of iShares Floating Rate Bond ETF stock traded down $0.01 during trading on Friday, hitting $51.09. 929,551 shares of the company’s stock traded hands. The firm’s fifty day moving average price is $51.00 and its 200 day moving average price is $50.89. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were given a dividend of $0.2589 per share. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.26. The ex-dividend date of this dividend was Monday, June 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.