iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Hobbs Group Advisors LLC

Hobbs Group Advisors LLC lowered its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,418 shares of the company’s stock after selling 2,261 shares during the period. Hobbs Group Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $683,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FLOT. Blueprint Investment Partners LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at $824,000. Principal Financial Group Inc. grew its stake in iShares Floating Rate Bond ETF by 61.8% in the 4th quarter. Principal Financial Group Inc. now owns 32,850 shares of the company’s stock valued at $1,671,000 after acquiring an additional 12,550 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in iShares Floating Rate Bond ETF by 93.4% during the 4th quarter. Jones Financial Companies Lllp now owns 19,228 shares of the company’s stock valued at $978,000 after acquiring an additional 9,287 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 worth $35,489,000 after acquiring an additional 91,686 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,002 shares of the company’s stock valued at $1,276,000 after purchasing an additional 502 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.1 %

FLOT stock opened at $51.05 on Friday. The company’s 50 day simple moving average is $51.00 and its 200-day simple moving average is $50.96. iShares Floating Rate Bond ETF has a 12 month low of $50.28 and a 12 month high of $51.16.

iShares Floating Rate Bond ETF Cuts Dividend

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