Scotia Capital Inc. Trims Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Scotia Capital Inc. decreased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 7.0% in the fourth quarter, Holdings Channel reports. The firm owned 216,602 shares of the company’s stock after selling 16,195 shares during the period. Scotia Capital Inc.’s holdings in iShares Floating Rate Bond ETF were worth $11,021,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Logan Capital Management Inc. bought a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth $25,000. Headlands Technologies LLC purchased a new stake in iShares Floating Rate Bond ETF in the fourth quarter worth about $57,000. Boyd Watterson Asset Management LLC OH grew its holdings in iShares Floating Rate Bond ETF by 227.5% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock worth $71,000 after acquiring an additional 967 shares in the last quarter. Sanctuary Wealth Management L.L.C. increased its position in iShares Floating Rate Bond ETF by 20.0% during the 4th quarter. Sanctuary Wealth Management L.L.C. now owns 1,598 shares of the company’s stock valued at $81,000 after purchasing an additional 266 shares during the period. Finally, Front Row Advisors LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 14.1% in the 4th quarter. Front Row Advisors LLC now owns 1,614 shares of the company’s stock valued at $82,000 after purchasing an additional 200 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Down 1.2 %

Shares of FLOT opened at $50.38 on Friday. The company has a 50 day moving average price of $50.89 and a 200-day moving average price of $50.93. iShares Floating Rate Bond ETF has a fifty-two week low of $49.75 and a fifty-two week high of $51.34.

iShares Floating Rate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1912 per share. The ex-dividend date of this dividend was Monday, March 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.