B. Riley Wealth Advisors Inc. Reduces Position in iShares Floating Rate Bond ETF (BATS:FLOT)

B. Riley Wealth Advisors Inc. lessened its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 63.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,675 shares of the company’s stock after selling 77,886 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in iShares Floating Rate Bond ETF were worth $2,261,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SouthState Corp purchased a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at $32,000. Planned Solutions Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at $33,000. SRS Capital Advisors Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF by 444.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock valued at $41,000 after acquiring an additional 654 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of iShares Floating Rate Bond ETF by 64.2% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after acquiring an additional 550 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at $73,000.

iShares Floating Rate Bond ETF Trading Up 0.0 %

FLOT opened at $51.02 on Wednesday. The firm has a fifty day moving average price of $50.99 and a 200 day moving average price of $50.88. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were paid a $0.2589 dividend. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.26. The ex-dividend date was Monday, June 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.