iShares Floating Rate Bond ETF (BATS:FLOT) Position Cut by Demars Financial Group LLC

Demars Financial Group LLC lessened its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 9.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 771,628 shares of the company’s stock after selling 76,766 shares during the quarter. iShares Floating Rate Bond ETF accounts for about 20.9% of Demars Financial Group LLC’s holdings, making the stock its biggest position. Demars Financial Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $39,060,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its position in iShares Floating Rate Bond ETF by 195.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock worth $33,000 after acquiring an additional 434 shares during the period. Planned Solutions Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at approximately $33,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of iShares Floating Rate Bond ETF by 206.1% in the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 857 shares of the company’s stock valued at $44,000 after buying an additional 577 shares during the period. Sheets Smith Wealth Management acquired a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at approximately $76,000. Finally, NBC Securities Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at approximately $146,000.

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $51.04 on Wednesday. The business has a 50 day simple moving average of $50.95 and a 200-day simple moving average of $50.81. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.2559 per share. The ex-dividend date was Monday, April 1st. This is a boost 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.