Schmidt P J Investment Management Inc. Decreases Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Schmidt P J Investment Management Inc. cut its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 6.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,260 shares of the company’s stock after selling 337 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in iShares Floating Rate Bond ETF were worth $268,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. LPL Financial LLC raised its holdings in iShares Floating Rate Bond ETF by 9.3% in the second 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 during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 12.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,968,004 shares of the company’s stock valued at $100,545,000 after purchasing an additional 215,886 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of iShares Floating Rate Bond ETF by 18.3% during the second quarter. Hsbc Holdings PLC now owns 1,259,703 shares of the company’s stock valued at $64,358,000 after purchasing an additional 194,624 shares during the last quarter. Haverford Trust Co raised its holdings in shares of iShares Floating Rate Bond ETF by 5.3% during the first quarter. Haverford Trust Co now owns 1,186,233 shares of the company’s stock valued at $60,569,000 after purchasing an additional 59,769 shares during the last quarter. Finally, TRUE Private Wealth Advisors raised its holdings in shares of iShares Floating Rate Bond ETF by 39.6% during the second quarter. TRUE Private Wealth Advisors now owns 1,140,216 shares of the company’s stock valued at $58,254,000 after purchasing an additional 323,386 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $51.01 on Friday. The firm 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 twelve month low of $50.76 and a twelve month high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.26 per share. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Tuesday, September 3rd.

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.