Prime Capital Investment Advisors LLC Sells 3,306 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Prime Capital Investment Advisors LLC lessened its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 11.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,905 shares of the company’s stock after selling 3,306 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,322,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FLOT. Moisand Fitzgerald Tamayo LLC bought a new stake in iShares Floating Rate Bond ETF in the 3rd quarter worth about $27,000. Pineridge Advisors LLC raised its holdings 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 purchasing an additional 430 shares during the last quarter. Eastern Bank bought a new position in iShares Floating Rate Bond ETF during the third quarter valued at approximately $41,000. Opal Wealth Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF in the second quarter worth approximately $50,000. Finally, LRI Investments LLC purchased a new stake in iShares Floating Rate Bond ETF in the first quarter worth approximately $82,000.

iShares Floating Rate Bond ETF Trading Down 0.0 %

Shares of FLOT opened at $50.95 on Friday. The firm has a fifty day simple moving average of $50.94 and a two-hundred day simple moving average of $50.96. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

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