Virginia National Bank Sells 921 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Virginia National Bank lessened its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,274 shares of the company’s stock after selling 921 shares during the quarter. iShares Floating Rate Bond ETF comprises about 2.5% of Virginia National Bank’s investment portfolio, making the stock its 16th biggest position. Virginia National Bank’s holdings in iShares Floating Rate Bond ETF were worth $725,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FLOT. Providence Capital Advisors LLC bought a new position in shares of iShares Floating Rate Bond ETF during the 1st quarter worth about $26,000. Strategic Investment Solutions Inc. IL bought a new stake in iShares Floating Rate Bond ETF in the first quarter valued at about $26,000. Stonebridge Capital Advisors LLC bought a new stake in iShares Floating Rate Bond ETF in the first quarter valued at about $32,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in iShares Floating Rate Bond ETF in the first quarter valued at about $39,000. Finally, Bbjs Financial Advisors LLC bought a new stake in iShares Floating Rate Bond ETF in the fourth quarter valued at about $50,000.

iShares Floating Rate Bond ETF Stock Performance

BATS FLOT traded up $0.04 on Friday, reaching $50.77. The company’s stock had a trading volume of 659,681 shares. The business has a 50-day moving average price of $50.72 and a 200 day moving average price of $50.57. 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 Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, July 10th. Shareholders of record on Wednesday, July 5th were given a $0.2341 dividend. The ex-dividend date was Monday, July 3rd.

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.