Addison Advisors LLC Sells 3,345 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Addison Advisors LLC trimmed its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 39.8% in the fourth quarter, Holdings Channel reports. The fund owned 5,050 shares of the company’s stock after selling 3,345 shares during the quarter. Addison Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $256,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FLOT. Ameriprise Financial Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 156.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,959,885 shares of the company’s stock valued at $150,676,000 after acquiring an additional 1,804,501 shares during the last quarter. Northern Trust Corp raised its position in iShares Floating Rate Bond ETF by 24.0% during the 3rd quarter. Northern Trust Corp now owns 3,674,495 shares of the company’s stock worth $186,995,000 after purchasing an additional 712,205 shares during the last quarter. TRUE Private Wealth Advisors bought a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth $29,553,000. Cape Cod Five Cents Savings Bank raised its position in iShares Floating Rate Bond ETF by 103.7% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 840,858 shares of the company’s stock worth $42,791,000 after purchasing an additional 427,981 shares during the last quarter. Finally, Greystone Financial Group LLC raised its position in iShares Floating Rate Bond ETF by 7,095.7% during the 3rd quarter. Greystone Financial Group LLC now owns 302,077 shares of the company’s stock worth $15,373,000 after purchasing an additional 297,879 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.0 %

BATS:FLOT traded down $0.01 during trading hours on Friday, hitting $51.04. 1,485,999 shares of the company were exchanged. iShares Floating Rate Bond ETF has a one year low of $50.76 and a one year high of $51.10. The company has a fifty day simple moving average of $50.96 and a 200 day simple moving average of $50.81.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a dividend of $0.2559 per share. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Monday, April 1st.

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.