SVB Wealth LLC Has $343,000 Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

SVB Wealth LLC cut its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,713 shares of the company’s stock after selling 552 shares during the period. SVB Wealth LLC’s holdings in iShares Floating Rate Bond ETF were worth $343,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SouthState Corp acquired a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter worth $32,000. SRS Capital Advisors Inc. increased 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 worth $41,000 after buying an additional 654 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased 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 worth $71,000 after buying an additional 550 shares in the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter worth $73,000. Finally, LRI Investments LLC acquired a new stake in iShares Floating Rate Bond ETF in the first quarter valued at $82,000.

iShares Floating Rate Bond ETF Stock Performance

BATS FLOT traded up $0.01 on Tuesday, reaching $51.08. The company had a trading volume of 2,410,798 shares. The business has a 50 day moving average of $51.00 and a two-hundred day moving average of $50.95. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 5th. Shareholders 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.