Dakota Wealth Management Reduces Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Dakota Wealth Management lowered its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,621 shares of the company’s stock after selling 477 shares during the period. Dakota Wealth Management’s holdings in iShares Floating Rate Bond ETF were worth $848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Csenge Advisory Group increased its position in shares of iShares Floating Rate Bond ETF by 3.1% in the 2nd quarter. Csenge Advisory Group now owns 31,654 shares of the company’s stock worth $1,617,000 after purchasing an additional 953 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of iShares Floating Rate Bond ETF by 12.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 6,771 shares of the company’s stock valued at $346,000 after buying an additional 755 shares during the last quarter. HTLF Bank bought a new stake in shares of iShares Floating Rate Bond ETF during the 2nd quarter valued at about $301,000. Quadrature Capital Ltd bought a new stake in shares of iShares Floating Rate Bond ETF during the 1st quarter valued at about $809,000. Finally, Lionsbridge Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 2nd quarter valued at about $1,154,000.

iShares Floating Rate Bond ETF Stock Up 0.1 %

Shares of BATS:FLOT opened at $51.06 on Monday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10. The firm has a 50-day simple moving average of $50.95 and a 200 day simple moving average of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

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.