Comerica Bank Has $18.53 Million Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Comerica Bank reduced its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 364,164 shares of the company’s stock after selling 2,900 shares during the period. Comerica Bank owned approximately 0.25% of iShares Floating Rate Bond ETF worth $18,529,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pine Valley Investments Ltd Liability Co raised its stake in iShares Floating Rate Bond ETF by 1.5% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 14,350 shares of the company’s stock valued at $732,000 after purchasing an additional 214 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the third quarter valued at about $578,000. Franklin Resources Inc. lifted 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 during the period. Logan Capital Management Inc. acquired a new stake in iShares Floating Rate Bond ETF during the third quarter worth about $25,000. Finally, JPMorgan Chase & Co. increased its stake in iShares Floating Rate Bond ETF by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 695,321 shares of the company’s stock valued at $35,489,000 after acquiring an additional 91,686 shares during the period.

iShares Floating Rate Bond ETF Stock Down 0.5 %

iShares Floating Rate Bond ETF stock opened at $50.72 on Friday. iShares Floating Rate Bond ETF has a 12 month low of $49.75 and a 12 month high of $51.34. The business has a 50 day moving average price of $50.82 and a two-hundred day moving average price of $50.91.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.1912 dividend. 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.