iShares Floating Rate Bond ETF (FLOT) Position Lowered by Pinnacle Associates Ltd.

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Pinnacle Associates Ltd. decreased its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 232,992 shares of the company’s stock after selling 26,410 shares during the quarter. Pinnacle Associates Ltd.’s holdings in iShares Floating Rate Bond ETF were worth $11,733,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of iShares Floating Rate Bond ETF by 33.4% during the second quarter. BlackRock Inc. now owns 1,111,458 shares of the company’s stock worth $56,684,000 after buying an additional 278,571 shares in the last quarter. Millennium Management LLC grew its holdings in iShares Floating Rate Bond ETF by 18.4% in the second quarter. Millennium Management LLC now owns 81,068 shares of the company’s stock valued at $4,134,000 after purchasing an additional 12,597 shares during the period. Bank of New York Mellon Corp grew its holdings in iShares Floating Rate Bond ETF by 20.1% in the second quarter. Bank of New York Mellon Corp now owns 1,010,933 shares of the company’s stock valued at $51,557,000 after purchasing an additional 169,432 shares during the period. MainStreet Investment Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF in the third quarter valued at approximately $998,000. Finally, First United Bank Trust grew its holdings in iShares Floating Rate Bond ETF by 21.5% in the third quarter. First United Bank Trust now owns 16,314 shares of the company’s stock valued at $832,000 after purchasing an additional 2,887 shares during the period.

iShares Floating Rate Bond ETF stock opened at $50.73 on Monday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10.

The business also recently announced a monthly dividend, which was paid on Thursday, February 7th. Investors of record on Monday, February 4th were issued a $0.1259 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 2.98%. This is an increase from iShares Floating Rate Bond ETF’s previous monthly dividend of $0.12. The ex-dividend date was Friday, February 1st.

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Want to see what other hedge funds are holding FLOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Floating Rate Bond ETF (BATS:FLOT).

Institutional Ownership by Quarter for iShares Floating Rate Bond ETF (BATS:FLOT)

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