Axxcess Wealth Management LLC Cuts Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Axxcess Wealth Management LLC cut its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,743 shares of the company’s stock after selling 4,079 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,692,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Cetera Investment Advisers grew its stake in shares of iShares Floating Rate Bond ETF by 409.4% during the first quarter. Cetera Investment Advisers now owns 857,542 shares of the company’s stock valued at $43,786,000 after buying an additional 689,212 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of iShares Floating Rate Bond ETF by 155.2% during the first quarter. Jane Street Group LLC now owns 872,495 shares of the company’s stock valued at $44,550,000 after purchasing an additional 530,610 shares during the period. US Bancorp DE grew its holdings in shares of iShares Floating Rate Bond ETF by 143.8% in the third quarter. US Bancorp DE now owns 624,945 shares of the company’s stock worth $31,897,000 after purchasing an additional 368,596 shares during the last quarter. TRUE Private Wealth Advisors increased its stake in shares of iShares Floating Rate Bond ETF by 39.6% in the second quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock worth $58,254,000 after buying an additional 323,386 shares during the period. Finally, LPL Financial LLC raised its holdings in iShares Floating Rate Bond ETF by 9.3% during the 2nd quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock valued at $178,620,000 after buying an additional 298,003 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of iShares Floating Rate Bond ETF stock opened at $50.94 on Monday. The company’s fifty day simple moving average is $50.94 and its two-hundred day simple moving average is $50.96. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

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

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.