Smithfield Trust Co Has $423,000 Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Smithfield Trust Co reduced its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 18.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,323 shares of the company’s stock after selling 1,932 shares during the quarter. Smithfield Trust Co’s holdings in iShares Floating Rate Bond ETF were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Logan Capital Management Inc. purchased a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in iShares Floating Rate Bond ETF in the third quarter worth $27,000. Boyd Watterson Asset Management LLC OH raised its holdings in shares of iShares Floating Rate Bond ETF by 227.5% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock valued at $71,000 after buying an additional 967 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at $100,000. Finally, Marshall Investment Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter worth about $117,000.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $50.91 on Thursday. The business has a 50 day moving average price of $50.98 and a 200-day moving average price of $50.96. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.1912 per share. The ex-dividend date is Monday, March 3rd.

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.