Bigelow Investment Advisors LLC Decreases Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Bigelow Investment Advisors LLC reduced its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 6.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,396 shares of the company’s stock after selling 2,685 shares during the quarter. iShares Floating Rate Bond ETF comprises about 1.0% of Bigelow Investment Advisors LLC’s portfolio, making the stock its 24th largest holding. Bigelow Investment Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of FLOT. Franklin Resources Inc. grew its holdings in iShares Floating Rate Bond ETF by 31.0% during the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock worth $240,430,000 after acquiring an additional 1,118,243 shares during the period. DAVENPORT & Co LLC grew its holdings in iShares Floating Rate Bond ETF by 15.6% during the fourth quarter. DAVENPORT & Co LLC now owns 1,284,553 shares of the company’s stock worth $65,358,000 after acquiring an additional 172,943 shares during the period. Haverford Trust Co grew its holdings in iShares Floating Rate Bond ETF by 1.4% during the third quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock worth $59,608,000 after acquiring an additional 16,112 shares during the period. Truist Financial Corp grew its holdings in iShares Floating Rate Bond ETF by 16.9% during the fourth quarter. Truist Financial Corp now owns 1,030,346 shares of the company’s stock worth $52,424,000 after acquiring an additional 148,673 shares during the period. Finally, Demars Financial Group LLC grew its holdings in iShares Floating Rate Bond ETF by 0.9% during the third quarter. Demars Financial Group LLC now owns 743,108 shares of the company’s stock worth $37,928,000 after acquiring an additional 6,805 shares during the period.

iShares Floating Rate Bond ETF Stock Up 0.1 %

iShares Floating Rate Bond ETF stock opened at $51.02 on Wednesday. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10. The business’s 50-day moving average price is $50.95 and its 200 day moving average price is $50.94.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.2021 dividend. The ex-dividend date was Monday, February 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.