Chatham Capital Group Inc. Reduces Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Chatham Capital Group Inc. decreased its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 125,532 shares of the company’s stock after selling 3,600 shares during the period. iShares Floating Rate Bond ETF accounts for 1.1% of Chatham Capital Group Inc.’s investment portfolio, making the stock its 27th largest position. Chatham Capital Group Inc.’s holdings in iShares Floating Rate Bond ETF were worth $6,387,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC boosted its position in shares of iShares Floating Rate Bond ETF by 2,108.2% during the 4th 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. Franklin Resources Inc. boosted its position in shares of iShares Floating Rate Bond ETF by 31.0% during the 3rd 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. Raymond James Financial Inc. bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter valued at about $43,863,000. New York Life Investment Management LLC boosted its position in shares of iShares Floating Rate Bond ETF by 12.8% during the 4th 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. Finally, Hartline Investment Corp boosted its position in shares of iShares Floating Rate Bond ETF by 80.8% during the 4th quarter. Hartline Investment Corp now owns 721,221 shares of the company’s stock valued at $36,696,000 after acquiring an additional 322,286 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.1 %

Shares of FLOT opened at $50.91 on Friday. The stock has a 50-day moving average price of $50.98 and a 200-day moving average price of $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 Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.1912 per share. The ex-dividend date was Monday, March 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.