RiverTree Advisors LLC Sells 458 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

RiverTree Advisors LLC cut its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,412 shares of the company’s stock after selling 458 shares during the period. iShares Floating Rate Bond ETF comprises approximately 1.3% of RiverTree Advisors LLC’s holdings, making the stock its 21st largest holding. RiverTree Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,961,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SouthState Corp bought a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth $32,000. Planned Solutions Inc. bought a new stake in iShares Floating Rate Bond ETF during the 4th quarter worth about $33,000. SRS Capital Advisors Inc. increased its position in iShares Floating Rate Bond ETF by 444.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock valued at $41,000 after acquiring an additional 654 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its position in iShares Floating Rate Bond ETF by 64.2% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after acquiring an additional 550 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter worth about $73,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT traded up $0.02 during mid-day trading on Friday, hitting $51.09. 744,800 shares of the company traded hands. The business has a 50-day moving average of $51.00 and a 200 day moving average of $50.89. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were given a $0.2589 dividend. 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.