Modera Wealth Management LLC Sells 22,550 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Modera Wealth Management LLC cut its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 483,166 shares of the company’s stock after selling 22,550 shares during the quarter. Modera Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $24,583,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FLOT. Franklin Resources Inc. increased its stake in iShares Floating Rate Bond ETF by 31.0% in the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock valued at $240,430,000 after acquiring an additional 1,118,243 shares during the last quarter. Proficio Capital Partners LLC increased its stake in iShares Floating Rate Bond ETF by 2,108.2% in the fourth quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock valued at $231,716,000 after acquiring an additional 4,347,920 shares during the last quarter. New York Life Investment Management LLC increased its stake in iShares Floating Rate Bond ETF by 12.8% in the fourth quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock valued at $155,445,000 after acquiring an additional 347,836 shares during the last quarter. DAVENPORT & Co LLC increased its stake in iShares Floating Rate Bond ETF by 15.6% in the fourth quarter. DAVENPORT & Co LLC now owns 1,284,553 shares of the company’s stock valued at $65,358,000 after acquiring an additional 172,943 shares during the last quarter. Finally, Haverford Trust Co increased its stake in iShares Floating Rate Bond ETF by 1.4% in the third quarter. Haverford Trust Co now owns 1,167,867 shares of the company’s stock valued at $59,608,000 after acquiring an additional 16,112 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $51.10 on Friday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10. The company’s 50 day simple moving average is $50.97 and its 200 day simple moving average is $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be given a $0.1912 dividend. The ex-dividend date of this dividend 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.