iShares Floating Rate Bond ETF (BATS:FLOT) Stake Lessened by Weitzel Financial Services Inc.

Weitzel Financial Services Inc. cut its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,483 shares of the company’s stock after selling 813 shares during the period. iShares Floating Rate Bond ETF makes up approximately 2.0% of Weitzel Financial Services Inc.’s investment portfolio, making the stock its 13th biggest position. Weitzel Financial Services Inc.’s holdings in iShares Floating Rate Bond ETF were worth $4,146,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Blueprint Investment Partners LLC acquired a new stake in iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $824,000. Principal Financial Group Inc. lifted its stake in iShares Floating Rate Bond ETF by 61.8% during the fourth quarter. Principal Financial Group Inc. now owns 32,850 shares of the company’s stock valued at $1,671,000 after purchasing an additional 12,550 shares during the last quarter. Colonial Trust Advisors lifted its stake in iShares Floating Rate Bond ETF by 2.1% during the fourth quarter. Colonial Trust Advisors now owns 243,175 shares of the company’s stock valued at $12,373,000 after purchasing an additional 4,992 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in iShares Floating Rate Bond ETF by 93.4% during the fourth quarter. Jones Financial Companies Lllp now owns 19,228 shares of the company’s stock valued at $978,000 after purchasing an additional 9,287 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in iShares Floating Rate Bond ETF by 55.6% during the fourth quarter. Kingsview Wealth Management LLC now owns 47,146 shares of the company’s stock valued at $2,399,000 after purchasing an additional 16,856 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

FLOT stock opened at $50.92 on Tuesday. iShares Floating Rate Bond ETF has a 12 month low of $49.75 and a 12 month high of $51.34. The firm has a 50 day simple moving average of $50.78 and a 200 day simple moving average of $50.90.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.1912 per share. The ex-dividend date of this dividend 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.