Sierra Capital LLC Lowers Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Sierra Capital LLC lessened its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 29.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,148 shares of the company’s stock after selling 42,832 shares during the period. Sierra Capital LLC owned 0.07% of iShares Floating Rate Bond ETF worth $5,316,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC bought a new position in shares of iShares Floating Rate Bond ETF during the third quarter valued at about $27,000. Pineridge Advisors LLC grew its stake in shares of iShares Floating Rate Bond ETF by 172.0% during the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after buying an additional 430 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of iShares Floating Rate Bond ETF during the second quarter valued at about $50,000. LRI Investments LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the first quarter worth about $82,000. Finally, Cranbrook Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the second quarter worth about $126,000.

iShares Floating Rate Bond ETF Stock Up 0.0 %

Shares of BATS FLOT traded up $0.01 during trading hours on Tuesday, hitting $50.96. The company’s stock had a trading volume of 601,500 shares. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The business has a 50-day simple moving average of $50.94 and a 200-day simple moving average of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

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

iShares Floating Rate Bond ETF 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.