iShares Floating Rate Bond ETF (FLOT) Position Reduced by Raymond James & Associates

iShares Floating Rate Bond ETF (FLOT) Position Reduced by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,261,290 shares of the company’s stock after selling 61,591 shares during the quarter. Raymond James & Associates’ holdings in iShares Floating Rate Bond ETF were worth $64,212,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. FTB Advisors Inc. grew its position in iShares Floating Rate Bond ETF by 673.9% during the fourth quarter. FTB Advisors Inc. now owns 534 shares of the company’s stock worth $27,000 after buying an additional 465 shares in the last quarter. Lavaca Capital LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the 1st quarter worth $29,000. Stone House Investment Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the 1st quarter worth $36,000. Certified Advisory Corp boosted its stake in shares of iShares Floating Rate Bond ETF by 154.8% in the 4th quarter. Certified Advisory Corp now owns 767 shares of the company’s stock worth $39,000 after buying an additional 466 shares during the last quarter. Finally, Citizens Financial Group Inc RI purchased a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter worth $41,000.

Shares of FLOT stock traded up $0.03 on Thursday, reaching $50.90. The stock had a trading volume of 54,353 shares. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10.

The company also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were paid a $0.1243 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.49 dividend on an annualized basis and a dividend yield of 2.93%.

Further Reading: Analyzing a company’s cash flow statement

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