Meitav Investment House Ltd. Lowers Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Meitav Investment House Ltd. lessened its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,249 shares of the company’s stock after selling 920 shares during the period. Meitav Investment House Ltd.’s holdings in iShares Floating Rate Bond ETF were worth $267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FLOT. Logan Capital Management Inc. acquired a new position in iShares Floating Rate Bond ETF in the 3rd quarter valued at $25,000. Darwin Wealth Management LLC purchased a new position in iShares Floating Rate Bond ETF during the third quarter worth about $27,000. Eastern Bank acquired a new stake in iShares Floating Rate Bond ETF in the 3rd quarter worth about $41,000. MidAtlantic Capital Management Inc. purchased a new stake in iShares Floating Rate Bond ETF in the 4th quarter valued at about $100,000. Finally, Bull Oak Capital LLC purchased a new stake in iShares Floating Rate Bond ETF in the 3rd quarter valued at about $115,000.

iShares Floating Rate Bond ETF Trading Up 0.1 %

Shares of FLOT stock opened at $51.05 on Friday. The firm’s 50-day simple moving average is $50.95 and its 200-day simple moving average is $50.94. 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 Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given 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.