First United Bank & Trust Sells 1,979 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

First United Bank & Trust decreased its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 6.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 27,739 shares of the company’s stock after selling 1,979 shares during the quarter. First United Bank & Trust’s holdings in iShares Floating Rate Bond ETF were worth $1,416,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FLOT. LPL Financial LLC lifted its position 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 worth $178,620,000 after buying an additional 298,003 shares in the last quarter. Envestnet Asset Management Inc. lifted its position 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 worth $100,545,000 after buying an additional 215,886 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of iShares Floating Rate Bond ETF by 18.3% during the 2nd quarter. Hsbc Holdings PLC now owns 1,259,703 shares of the company’s stock worth $64,358,000 after buying an additional 194,624 shares in the last quarter. Haverford Trust Co lifted its position in shares of iShares Floating Rate Bond ETF by 5.3% during the 1st quarter. Haverford Trust Co now owns 1,186,233 shares of the company’s stock worth $60,569,000 after buying an additional 59,769 shares in the last quarter. Finally, TRUE Private Wealth Advisors lifted its position in shares of iShares Floating Rate Bond ETF by 39.6% during the 2nd quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock worth $58,254,000 after buying an additional 323,386 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

iShares Floating Rate Bond ETF stock opened at $50.91 on Wednesday. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10. The company’s 50 day moving average price is $50.93 and its two-hundred day moving average price is $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.26 per share. The ex-dividend date 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.