Financial Counselors Inc. Lowers Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Financial Counselors Inc. lowered its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 83.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,020 shares of the company’s stock after selling 20,886 shares during the period. Financial Counselors Inc.’s holdings in iShares Floating Rate Bond ETF were worth $205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of Montreal Can grew its stake in shares of iShares Floating Rate Bond ETF by 25.2% in the 3rd quarter. Bank of Montreal Can now owns 56,848 shares of the company’s stock worth $2,902,000 after buying an additional 11,426 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of iShares Floating Rate Bond ETF by 4.5% during the third quarter. D.A. Davidson & CO. now owns 46,482 shares of the company’s stock valued at $2,372,000 after acquiring an additional 2,015 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of iShares Floating Rate Bond ETF by 356.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 226,764 shares of the company’s stock worth $11,574,000 after purchasing an additional 177,105 shares during the last quarter. Edgestream Partners L.P. grew its position in iShares Floating Rate Bond ETF by 17.9% during the 3rd quarter. Edgestream Partners L.P. now owns 20,895 shares of the company’s stock valued at $1,066,000 after purchasing an additional 3,169 shares during the last quarter. Finally, Encompass More Asset Management bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter valued at about $2,813,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $51.05 on Friday. iShares Floating Rate Bond ETF has a 1-year low of $50.28 and a 1-year high of $51.16. The business has a fifty day moving average price of $51.00 and a 200-day moving average price of $50.96.

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 given a $0.1912 dividend. The ex-dividend date was 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.