Diversified Portfolios Inc. Cuts Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Diversified Portfolios Inc. decreased its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 641,040 shares of the company’s stock after selling 13,453 shares during the quarter. iShares Floating Rate Bond ETF accounts for approximately 3.6% of Diversified Portfolios Inc.’s holdings, making the stock its 6th largest position. Diversified Portfolios Inc. owned approximately 0.45% of iShares Floating Rate Bond ETF worth $32,616,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Logan Capital Management Inc. acquired a new stake in iShares Floating Rate Bond ETF in the third quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the third quarter valued at $27,000. Eastern Bank bought a new position in iShares Floating Rate Bond ETF during the third quarter valued at about $41,000. Bull Oak Capital LLC acquired a new position in iShares Floating Rate Bond ETF during the third quarter worth about $115,000. Finally, Northstar Advisory Group LLC bought a new stake in iShares Floating Rate Bond ETF in the fourth quarter worth about $204,000.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $50.96 on Wednesday. The company has a 50-day moving average of $50.94 and a 200-day moving average of $50.94. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a dividend of $0.2021 per share. The ex-dividend date of this dividend was Monday, February 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.