TAP Consulting LLC Has $386,000 Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

TAP Consulting LLC lowered its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 30.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,561 shares of the company’s stock after selling 3,310 shares during the period. TAP Consulting LLC’s holdings in iShares Floating Rate Bond ETF were worth $386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLOT. Csenge Advisory Group lifted its stake in shares of iShares Floating Rate Bond ETF by 3.1% during the second quarter. Csenge Advisory Group now owns 31,654 shares of the company’s stock valued at $1,617,000 after acquiring an additional 953 shares during the period. Park Avenue Securities LLC lifted its position in shares of iShares Floating Rate Bond ETF by 47.8% in the first quarter. Park Avenue Securities LLC now owns 30,116 shares of the company’s stock valued at $1,538,000 after buying an additional 9,736 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of iShares Floating Rate Bond ETF by 12.5% in the first quarter. Sequoia Financial Advisors LLC now owns 6,771 shares of the company’s stock valued at $346,000 after buying an additional 755 shares during the last quarter. HTLF Bank bought a new position in shares of iShares Floating Rate Bond ETF during the second quarter worth approximately $301,000. Finally, Quadrature Capital Ltd bought a new position in iShares Floating Rate Bond ETF during the 1st quarter worth $809,000.

iShares Floating Rate Bond ETF Trading Down 0.0 %

Shares of FLOT traded down $0.01 during midday trading on Friday, hitting $50.89. The company’s stock had a trading volume of 1,320,317 shares. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10. The company’s fifty day simple moving average is $50.91 and its two-hundred day simple moving average is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.26 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase 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.