Professional Financial Advisors LLC Sells 419 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Professional Financial Advisors LLC reduced its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 2.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 15,018 shares of the company’s stock after selling 419 shares during the quarter. Professional Financial Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $766,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FLOT. Centaurus Financial Inc. bought a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter worth approximately $303,000. Syon Capital LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 18.8% in the 4th quarter. Syon Capital LLC now owns 22,359 shares of the company’s stock valued at $1,132,000 after purchasing an additional 3,546 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 24.7% in the 4th quarter. EP Wealth Advisors LLC now owns 5,172 shares of the company’s stock valued at $262,000 after purchasing an additional 1,025 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 8.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 505,810 shares of the company’s stock valued at $25,604,000 after purchasing an additional 40,947 shares during the period. Finally, Muirfield Wealth Advisors LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at approximately $249,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT opened at $50.91 on Friday. The business has a 50 day moving average of $50.92 and a 200-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 company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a boost 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.