Mercer Global Advisors Inc. ADV Sells 30,582 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Mercer Global Advisors Inc. ADV cut its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 37.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 51,301 shares of the company’s stock after selling 30,582 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in iShares Floating Rate Bond ETF were worth $2,621,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FLOT. Pineridge Advisors LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 172.0% in the 1st quarter. Pineridge Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after buying an additional 430 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 2nd quarter worth about $50,000. LRI Investments LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter worth about $82,000. Cove Street Capital LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter worth about $111,000. Finally, Cranbrook Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 2nd quarter worth about $126,000.

iShares Floating Rate Bond ETF Stock Up 0.0 %

FLOT stock opened at $50.98 on Monday. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The company has a 50-day moving average price of $50.94 and a 200 day moving average price of $50.96.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.26 per share. 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.

iShares Floating Rate Bond ETF Company 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.