Modera Wealth Management LLC Sells 33,658 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Modera Wealth Management LLC cut its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 6.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 505,716 shares of the company’s stock after selling 33,658 shares during the period. Modera Wealth Management LLC owned approximately 0.35% of iShares Floating Rate Bond ETF worth $25,812,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth $27,000. Pineridge Advisors LLC grew its position in iShares Floating Rate Bond ETF by 172.0% in the first quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after acquiring an additional 430 shares in the last quarter. Eastern Bank bought a new stake in iShares Floating Rate Bond ETF during the third quarter worth approximately $41,000. Opal Wealth Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF during the second quarter valued at approximately $50,000. Finally, LRI Investments LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at approximately $82,000.

iShares Floating Rate Bond ETF Price Performance

BATS FLOT opened at $51.06 on Friday. The business’s 50 day moving average price is $50.95 and its 200-day moving average price is $50.96. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two 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 an increase 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.