MML Investors Services LLC Has $23.28 Million Position in iShares Floating Rate Bond ETF (BATS:FLOT)

MML Investors Services LLC cut its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 12.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 461,921 shares of the company’s stock after selling 67,615 shares during the period. MML Investors Services LLC’s holdings in iShares Floating Rate Bond ETF were worth $23,276,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FLOT. CreativeOne Wealth LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 52.9% during the fourth quarter. CreativeOne Wealth LLC now owns 176,395 shares of the company’s stock worth $8,878,000 after buying an additional 61,021 shares in the last quarter. Occidental Asset Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the first quarter worth $6,587,000. Balentine LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the first quarter worth $103,000. Fifth Third Bancorp grew its position in iShares Floating Rate Bond ETF by 33.3% in the first quarter. Fifth Third Bancorp now owns 3,343 shares of the company’s stock valued at $168,000 after purchasing an additional 836 shares in the last quarter. Finally, Money Concepts Capital Corp increased its stake in iShares Floating Rate Bond ETF by 250.6% in the 1st quarter. Money Concepts Capital Corp now owns 175,972 shares of the company’s stock valued at $1,720,000 after buying an additional 125,782 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0 %

BATS:FLOT traded up $0.01 on Wednesday, hitting $50.64. 817,598 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $50.72 and a 200-day moving average price of $50.56. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10.

iShares Floating Rate Bond ETF Announces Dividend

The business also recently announced a dividend, which was paid on Monday, July 10th. Investors of record on Wednesday, July 5th were issued a dividend of $0.2341 per share. The ex-dividend date was Monday, July 3rd.

iShares Floating Rate Bond ETF Company 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.