Renaissance Technologies LLC Lowers Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Renaissance Technologies LLC cut its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 0.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,454,300 shares of the company’s stock after selling 1,200 shares during the quarter. Renaissance Technologies LLC’s holdings in iShares Floating Rate Bond ETF were worth $74,300,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Northern Trust Corp grew its stake in shares of iShares Floating Rate Bond ETF by 17.3% during the 4th quarter. Northern Trust Corp now owns 4,310,607 shares of the company’s stock valued at $218,203,000 after buying an additional 636,112 shares during the period. LPL Financial LLC grew its stake in shares of iShares Floating Rate Bond ETF by 9.3% during the 2nd quarter. LPL Financial LLC now owns 3,496,186 shares of the company’s stock valued at $178,620,000 after buying an additional 298,003 shares during the period. Assetmark Inc. grew its stake in shares of iShares Floating Rate Bond ETF by 11.9% during the 4th quarter. Assetmark Inc. now owns 2,435,420 shares of the company’s stock valued at $123,281,000 after buying an additional 258,033 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of iShares Floating Rate Bond ETF by 12.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,968,004 shares of the company’s stock valued at $100,545,000 after buying an additional 215,886 shares during the period. Finally, Scarborough Advisors LLC grew its stake in shares of iShares Floating Rate Bond ETF by 1,437.5% during the 4th quarter. Scarborough Advisors LLC now owns 1,299,349 shares of the company’s stock valued at $65,773,000 after buying an additional 1,214,838 shares during the period.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS FLOT opened at $50.93 on Tuesday. iShares Floating Rate Bond ETF has a 52-week low of $50.76 and a 52-week high of $51.10. The firm has a fifty day moving average of $50.94 and a 200-day moving average of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.26 per share. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.