Stephens Inc. AR Has $712,000 Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Stephens Inc. AR reduced its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 45.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,999 shares of the company’s stock after selling 11,895 shares during the period. Stephens Inc. AR’s holdings in iShares Floating Rate Bond ETF were worth $712,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Logan Capital Management Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the third quarter valued at approximately $27,000. Eastern Bank acquired a new stake in shares of iShares Floating Rate Bond ETF in the third quarter valued at approximately $41,000. Bull Oak Capital LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the third quarter valued at approximately $115,000. Finally, Northstar Advisory Group LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $204,000.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $50.98 on Friday. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10. The firm has a fifty day simple moving average of $50.94 and a 200 day simple moving average of $50.94.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.2021 dividend. The ex-dividend date of this dividend was Monday, February 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.