iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Essex LLC

Essex LLC cut its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 19.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,823 shares of the company’s stock after selling 1,700 shares during the period. Essex LLC’s holdings in iShares Floating Rate Bond ETF were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FLOT. Logan Capital Management Inc. bought a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $25,000. Darwin Wealth Management LLC bought a new stake in iShares Floating Rate Bond ETF during the third quarter valued at $27,000. Eastern Bank acquired a new stake in shares of iShares Floating Rate Bond ETF during the third quarter worth $41,000. Bull Oak Capital LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at about $115,000. Finally, Northstar Advisory Group LLC acquired a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth about $204,000.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS FLOT opened at $50.96 on Friday. The firm’s 50-day moving average price is $50.94 and its two-hundred day moving average price is $50.95. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

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

iShares Floating Rate Bond ETF 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.