Orion Portfolio Solutions LLC Trims Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Orion Portfolio Solutions LLC lessened its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 20.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,707 shares of the company’s stock after selling 8,748 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,715,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FLOT. Proficio Capital Partners LLC increased its holdings in iShares Floating Rate Bond ETF by 2,108.2% in the 4th quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock valued at $231,716,000 after purchasing an additional 4,347,920 shares during the last quarter. Franklin Resources Inc. grew its stake 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 buying an additional 1,118,243 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at $43,863,000. JPMorgan Chase & Co. lifted its stake in iShares Floating Rate Bond ETF by 103.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,414,905 shares of the company’s stock worth $71,990,000 after acquiring an additional 719,584 shares in the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in iShares Floating Rate Bond ETF by 12.8% during the 4th quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock valued at $155,445,000 after acquiring an additional 347,836 shares during the period.

iShares Floating Rate Bond ETF Trading Down 0.2 %

Shares of BATS:FLOT opened at $50.88 on Thursday. The firm’s 50-day moving average is $50.99 and its two-hundred day moving average is $50.96. iShares Floating Rate Bond ETF has a 1 year low of $50.28 and a 1 year high of $51.16.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1912 per share. The ex-dividend date was Monday, March 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.