TAP Consulting LLC Cuts Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

TAP Consulting LLC decreased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 81.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,871 shares of the company’s stock after selling 46,606 shares during the quarter. TAP Consulting LLC’s holdings in iShares Floating Rate Bond ETF were worth $555,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pineridge Advisors LLC boosted its holdings in iShares Floating Rate Bond ETF by 172.0% during the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after purchasing an additional 430 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the 2nd quarter worth approximately $50,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $73,000. LRI Investments LLC bought a new position in shares of iShares Floating Rate Bond ETF in the first quarter valued at approximately $82,000. Finally, Cove Street Capital LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $111,000.

iShares Floating Rate Bond ETF Stock Up 0.0 %

FLOT stock traded up $0.02 during midday trading on Friday, hitting $50.84. The company’s stock had a trading volume of 1,726,653 shares. The stock’s 50-day moving average price is $50.93 and its 200 day moving average price is $50.96. 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 Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.26 per share. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, September 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.