Independent Family Office LLC Sells 2,282 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Independent Family Office LLC lessened its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 18.0% during the 4th quarter, Holdings Channel reports. The firm owned 10,420 shares of the company’s stock after selling 2,282 shares during the period. Independent Family Office LLC’s holdings in iShares Floating Rate Bond ETF were worth $527,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RiverFront Investment Group LLC grew its holdings in iShares Floating Rate Bond ETF by 1.8% during the 4th quarter. RiverFront Investment Group LLC now owns 12,042 shares of the company’s stock valued at $606,000 after buying an additional 214 shares in the last quarter. Townsquare Capital LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 1.3% in the 4th quarter. Townsquare Capital LLC now owns 16,983 shares of the company’s stock worth $855,000 after purchasing an additional 224 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of iShares Floating Rate Bond ETF by 3.1% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 7,719 shares of the company’s stock worth $393,000 after purchasing an additional 234 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 6.7% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 3,764 shares of the company’s stock worth $192,000 after purchasing an additional 237 shares during the period. Finally, Spire Wealth Management boosted its holdings in shares of iShares Floating Rate Bond ETF by 3.3% in the 3rd quarter. Spire Wealth Management now owns 8,428 shares of the company’s stock worth $429,000 after purchasing an additional 268 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of iShares Floating Rate Bond ETF stock remained flat at $50.96 on Tuesday. The stock had a trading volume of 924,406 shares. The firm’s 50-day simple moving average is $50.92 and its 200-day simple moving average is $50.80. 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, April 5th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.2559 per share. The ex-dividend date was Monday, April 1st. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.