McAdam LLC Sells 1,682 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

McAdam LLC reduced its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 23.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,594 shares of the company’s stock after selling 1,682 shares during the quarter. McAdam LLC’s holdings in iShares Floating Rate Bond ETF were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FLOT. Cape Cod Five Cents Savings Bank lifted its holdings in iShares Floating Rate Bond ETF by 103.7% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 840,858 shares of the company’s stock worth $42,791,000 after purchasing an additional 427,981 shares during the last quarter. Sarasin & Partners LLP bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth $1,012,000. Private Wealth Partners LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 15.4% during the 4th quarter. Private Wealth Partners LLC now owns 15,000 shares of the company’s stock worth $759,000 after buying an additional 2,000 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in iShares Floating Rate Bond ETF by 64.2% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after buying an additional 550 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC bought a new position in shares of iShares Floating Rate Bond ETF in the third quarter worth about $607,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT opened at $51.08 on Tuesday. The business has a 50 day moving average price of $50.96 and a 200 day moving average price of $50.82. 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 firm also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a $0.2559 dividend. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25. The ex-dividend date was Monday, April 1st.

About iShares Floating Rate Bond ETF

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.