Bank of Montreal Can Sells 25,159 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Bank of Montreal Can cut its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 44.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,689 shares of the company’s stock after selling 25,159 shares during the quarter. Bank of Montreal Can’s holdings in iShares Floating Rate Bond ETF were worth $1,612,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Franklin Resources Inc. increased its holdings in iShares Floating Rate Bond ETF by 31.0% during the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock worth $240,430,000 after buying an additional 1,118,243 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of iShares Floating Rate Bond ETF by 2,108.2% in the 4th quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock valued at $231,716,000 after acquiring an additional 4,347,920 shares during the period. LPL Financial LLC increased its stake in shares of iShares Floating Rate Bond ETF by 4.4% during the 4th quarter. LPL Financial LLC now owns 3,555,532 shares of the company’s stock worth $180,905,000 after purchasing an additional 149,228 shares during the last quarter. New York Life Investment Management LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 12.8% in the 4th quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock valued at $155,445,000 after purchasing an additional 347,836 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of iShares Floating Rate Bond ETF by 21.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,658,917 shares of the company’s stock valued at $135,286,000 after purchasing an additional 470,630 shares during the period.

iShares Floating Rate Bond ETF Trading Down 0.4 %

iShares Floating Rate Bond ETF stock opened at $50.76 on Friday. The stock has a 50-day simple moving average of $50.86 and a 200 day simple moving average of $50.92. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.1912 per share. The ex-dividend date of this dividend was Monday, March 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.