Alesco Advisors LLC Lowers Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Alesco Advisors LLC trimmed its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 2.2% during the third quarter, Holdings Channel.com reports. The fund owned 14,695 shares of the company’s stock after selling 325 shares during the period. Alesco Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $750,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC purchased a new position in iShares Floating Rate Bond ETF during the 3rd quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the third quarter worth about $27,000. Pineridge Advisors LLC boosted its stake in shares of iShares Floating Rate Bond ETF by 172.0% in the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 430 shares during the period. Eastern Bank acquired a new position in shares of iShares Floating Rate Bond ETF in the third quarter valued at approximately $41,000. Finally, Opal Wealth Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $50,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $51.04 on Friday. The firm has a 50 day moving average of $50.96 and a two-hundred day moving average of $50.96. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

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

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.