iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Embree Financial Group

Embree Financial Group lessened its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.0% in the first quarter, HoldingsChannel.com reports. The firm owned 7,284 shares of the company’s stock after selling 305 shares during the period. Embree Financial Group’s holdings in iShares Floating Rate Bond ETF were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in FLOT. SouthState Corp acquired a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at $32,000. Planned Solutions Inc. acquired a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at $33,000. SRS Capital Advisors Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF by 444.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock valued at $41,000 after acquiring an additional 654 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of iShares Floating Rate Bond ETF by 64.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after acquiring an additional 550 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at $73,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT traded up $0.01 during midday trading on Wednesday, hitting $50.93. 876,608 shares of the stock traded hands. The business’s 50 day moving average price is $50.98 and its two-hundred day moving average price is $50.92. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were issued a $0.2494 dividend. The ex-dividend date of this dividend was Monday, July 1st.

iShares Floating Rate Bond ETF 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.