iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Towercrest Capital Management

Towercrest Capital Management lowered its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 3.3% in the third quarter, HoldingsChannel.com reports. The firm owned 633,385 shares of the company’s stock after selling 21,363 shares during the quarter. iShares Floating Rate Bond ETF comprises 5.1% of Towercrest Capital Management’s investment portfolio, making the stock its 4th largest position. Towercrest Capital Management’s holdings in iShares Floating Rate Bond ETF were worth $32,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Flagstar Advisors Inc. increased its holdings in shares of iShares Floating Rate Bond ETF by 1.4% in the third quarter. Flagstar Advisors Inc. now owns 22,307 shares of the company’s stock valued at $1,139,000 after purchasing an additional 315 shares in the last quarter. Darden Wealth Group Inc grew its holdings in iShares Floating Rate Bond ETF by 5.5% during the 3rd quarter. Darden Wealth Group Inc now owns 73,132 shares of the company’s stock worth $3,733,000 after acquiring an additional 3,784 shares during the period. Trustmark National Bank Trust Department grew its holdings in iShares Floating Rate Bond ETF by 1.6% during the 3rd quarter. Trustmark National Bank Trust Department now owns 664,437 shares of the company’s stock worth $33,913,000 after acquiring an additional 10,464 shares during the period. EverSource Wealth Advisors LLC grew its holdings in iShares Floating Rate Bond ETF by 6.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 75,611 shares of the company’s stock worth $3,859,000 after acquiring an additional 4,744 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth $27,000.

iShares Floating Rate Bond ETF Stock Up 0.0 %

FLOT opened at $51.04 on Friday. The company has a fifty day moving average price of $50.96 and a two-hundred day moving average price of $50.96. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.26 per share. The ex-dividend date was Tuesday, September 3rd. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.