New Potomac Partners LLC Has $4.85 Million Holdings in iShares Floating Rate Bond ETF (FLOT)

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New Potomac Partners LLC trimmed its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 7.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 95,205 shares of the company’s stock after selling 7,600 shares during the quarter. iShares Floating Rate Bond ETF makes up about 4.9% of New Potomac Partners LLC’s investment portfolio, making the stock its largest holding. New Potomac Partners LLC’s holdings in iShares Floating Rate Bond ETF were worth $4,847,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 83.7% during the third quarter. BlackRock Inc. now owns 2,042,253 shares of the company’s stock valued at $104,196,000 after purchasing an additional 930,795 shares in the last quarter. JPMorgan Chase & Co. raised its position in iShares Floating Rate Bond ETF by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 492,226 shares of the company’s stock worth $25,114,000 after acquiring an additional 33,488 shares in the last quarter. Thrivent Financial for Lutherans raised its position in iShares Floating Rate Bond ETF by 403.2% in the third quarter. Thrivent Financial for Lutherans now owns 27,165 shares of the company’s stock worth $1,386,000 after acquiring an additional 21,767 shares in the last quarter. IndexIQ Advisors LLC increased its stake in iShares Floating Rate Bond ETF by 7.4% in the 3rd quarter. IndexIQ Advisors LLC now owns 24,766 shares of the company’s stock worth $1,264,000 after purchasing an additional 1,707 shares in the last quarter. Finally, OmniStar Financial Group Inc. increased its stake in iShares Floating Rate Bond ETF by 345.5% in the 3rd quarter. OmniStar Financial Group Inc. now owns 23,542 shares of the company’s stock worth $1,201,000 after purchasing an additional 18,258 shares in the last quarter.

FLOT traded up $0.03 during trading on Tuesday, reaching $50.91. The company had a trading volume of 710,505 shares. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10.

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a $0.1315 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.58 dividend on an annualized basis and a yield of 3.10%. This is a boost from iShares Floating Rate Bond ETF’s previous monthly dividend of $0.12.

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

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