Creative Planning Decreases Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Creative Planning reduced its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 8.7% in the third quarter, HoldingsChannel.com reports. The firm owned 73,821 shares of the company’s stock after selling 7,075 shares during the period. Creative Planning’s holdings in iShares Floating Rate Bond ETF were worth $3,768,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Webster Bank N. A. raised its holdings in shares of iShares Floating Rate Bond ETF by 420.8% during the third quarter. Webster Bank N. A. now owns 15,409 shares of the company’s stock valued at $786,000 after acquiring an additional 12,450 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of iShares Floating Rate Bond ETF by 7.9% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,773 shares of the company’s stock valued at $244,000 after purchasing an additional 350 shares in the last quarter. Concourse Financial Group Securities Inc. raised its stake in iShares Floating Rate Bond ETF by 11.8% in the third quarter. Concourse Financial Group Securities Inc. now owns 8,566 shares of the company’s stock worth $437,000 after buying an additional 907 shares in the last quarter. Castle Rock Wealth Management LLC lifted its holdings in iShares Floating Rate Bond ETF by 8.5% in the third quarter. Castle Rock Wealth Management LLC now owns 178,172 shares of the company’s stock worth $9,069,000 after buying an additional 13,975 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter valued at approximately $27,000.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $51.07 on Friday. The stock has a 50 day moving average price of $50.95 and a 200-day moving average price 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 disclosed 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 of this dividend was Tuesday, September 3rd. This is a positive change 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.