Wealth Management Resources Inc. Trims Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Wealth Management Resources Inc. reduced its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 40.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 87,480 shares of the company’s stock after selling 58,974 shares during the period. iShares Floating Rate Bond ETF makes up approximately 2.6% of Wealth Management Resources Inc.’s portfolio, making the stock its 14th biggest position. Wealth Management Resources Inc. owned about 0.06% of iShares Floating Rate Bond ETF worth $4,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. RiverFront Investment Group LLC increased its holdings in iShares Floating Rate Bond ETF by 1.8% in the fourth quarter. RiverFront Investment Group LLC now owns 12,042 shares of the company’s stock valued at $606,000 after buying an additional 214 shares during the last quarter. Townsquare Capital LLC increased its position in iShares Floating Rate Bond ETF by 1.3% in the 4th quarter. Townsquare Capital LLC now owns 16,983 shares of the company’s stock valued at $855,000 after acquiring an additional 224 shares during the period. DHK Financial Advisors Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF by 0.8% during the first quarter. DHK Financial Advisors Inc. now owns 28,532 shares of the company’s stock worth $1,438,000 after purchasing an additional 240 shares during the period. Cunning Capital Partners LP raised its position in iShares Floating Rate Bond ETF by 3.7% during the 1st quarter. Cunning Capital Partners LP now owns 7,000 shares of the company’s stock worth $353,000 after buying an additional 250 shares during the last quarter. Finally, Forefront Analytics LLC raised its holdings in iShares Floating Rate Bond ETF by 1.4% during the fourth quarter. Forefront Analytics LLC now owns 20,001 shares of the company’s stock worth $1,007,000 after purchasing an additional 272 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

iShares Floating Rate Bond ETF stock traded down $0.02 during midday trading on Monday, reaching $50.75. The company’s stock had a trading volume of 462,068 shares. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10. The stock’s 50 day simple moving average is $50.72 and its 200 day simple moving average is $50.56.

iShares Floating Rate Bond ETF Dividend Announcement

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

iShares Floating Rate Bond ETF 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.