iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Bigelow Investment Advisors LLC

Bigelow Investment Advisors LLC lessened its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 42,396 shares of the company’s stock after selling 2,685 shares during the quarter. iShares Floating Rate Bond ETF makes up about 1.0% of Bigelow Investment Advisors LLC’s portfolio, making the stock its 24th largest holding. Bigelow Investment Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FLOT. Franklin Resources Inc. lifted its position in shares of iShares Floating Rate Bond ETF by 31.0% in the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock valued at $240,430,000 after acquiring an additional 1,118,243 shares in the last quarter. US Bancorp DE lifted its position in iShares Floating Rate Bond ETF by 143.8% during the third quarter. US Bancorp DE now owns 624,945 shares of the company’s stock worth $31,897,000 after buying an additional 368,596 shares in the last quarter. Hartline Investment Corp lifted its position in iShares Floating Rate Bond ETF by 80.8% during the fourth quarter. Hartline Investment Corp now owns 721,221 shares of the company’s stock worth $36,696,000 after buying an additional 322,286 shares in the last quarter. Mutual Advisors LLC lifted its position in iShares Floating Rate Bond ETF by 880.7% during the fourth quarter. Mutual Advisors LLC now owns 249,801 shares of the company’s stock worth $12,740,000 after buying an additional 224,329 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in iShares Floating Rate Bond ETF by 510.0% in the third quarter. Integrated Wealth Concepts LLC now owns 229,208 shares of the company’s stock valued at $11,699,000 after purchasing an additional 191,633 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $51.02 on Wednesday. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10. The stock’s fifty day moving average is $50.95 and its two-hundred day moving average is $50.94.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.2021 dividend. The ex-dividend date of this dividend was Monday, February 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.