Haverford Trust Co Cuts Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Haverford Trust Co reduced its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 11.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,036,595 shares of the company’s stock after selling 131,272 shares during the period. Haverford Trust Co’s holdings in iShares Floating Rate Bond ETF were worth $52,742,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Logan Capital Management Inc. acquired a new position in iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $25,000. Boyd Watterson Asset Management LLC OH increased its stake in shares of iShares Floating Rate Bond ETF by 227.5% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock valued at $71,000 after purchasing an additional 967 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter worth approximately $100,000. Marshall Investment Management LLC acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter worth $117,000. Finally, Cullen Frost Bankers Inc. lifted its stake in iShares Floating Rate Bond ETF by 26.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 2,680 shares of the company’s stock valued at $136,000 after buying an additional 563 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.1 %

Shares of FLOT opened at $51.02 on Monday. iShares Floating Rate Bond ETF has a 52-week low of $50.28 and a 52-week high of $51.16. The firm’s fifty day moving average is $50.99 and its two-hundred day moving average is $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

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