iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC trimmed its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 20.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,242 shares of the company’s stock after selling 10,079 shares during the period. Verdence Capital Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,997,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FLOT. Janney Montgomery Scott LLC boosted its stake in iShares Floating Rate Bond ETF by 9.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 223,967 shares of the company’s stock worth $11,431,000 after buying an additional 19,449 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 2.5% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 16,721 shares of the company’s stock valued at $853,000 after purchasing an additional 400 shares in the last quarter. Callahan Advisors LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 109.0% in the 3rd quarter. Callahan Advisors LLC now owns 33,662 shares of the company’s stock valued at $1,718,000 after purchasing an additional 17,554 shares in the last quarter. Advisor Resource Council lifted its stake in shares of iShares Floating Rate Bond ETF by 78.5% in the 3rd quarter. Advisor Resource Council now owns 37,974 shares of the company’s stock valued at $1,938,000 after purchasing an additional 16,698 shares in the last quarter. Finally, Carmel Capital Partners LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 13.5% in the 3rd quarter. Carmel Capital Partners LLC now owns 188,878 shares of the company’s stock valued at $9,640,000 after purchasing an additional 22,477 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.1 %

BATS FLOT opened at $50.91 on Thursday. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10. The business’s 50-day simple moving average is $50.98 and its 200-day simple moving average is $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be paid a $0.1912 dividend. The ex-dividend date is 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.