Summit Financial Group Inc. Decreases Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Summit Financial Group Inc. trimmed its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOTFree Report) by 47.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,585 shares of the company’s stock after selling 4,127 shares during the period. Summit Financial Group Inc.’s holdings in iShares Floating Rate Bond ETF were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FLOT. Northern Trust Corp grew its position in iShares Floating Rate Bond ETF by 17.3% during the fourth quarter. Northern Trust Corp now owns 4,310,607 shares of the company’s stock valued at $218,203,000 after buying an additional 636,112 shares during the period. LPL Financial LLC grew its position in iShares Floating Rate Bond ETF by 5.3% during the third quarter. LPL Financial LLC now owns 3,120,045 shares of the company’s stock valued at $158,779,000 after buying an additional 156,029 shares during the period. Ameriprise Financial Inc. grew its position in iShares Floating Rate Bond ETF by 156.2% during the third quarter. Ameriprise Financial Inc. now owns 2,959,885 shares of the company’s stock valued at $150,676,000 after buying an additional 1,804,501 shares during the period. Assetmark Inc. grew its position in iShares Floating Rate Bond ETF by 11.9% during the fourth quarter. Assetmark Inc. now owns 2,435,420 shares of the company’s stock valued at $123,281,000 after buying an additional 258,033 shares during the period. Finally, Glenview Trust co grew its position in iShares Floating Rate Bond ETF by 1.5% during the third quarter. Glenview Trust co now owns 1,737,026 shares of the company’s stock valued at $88,397,000 after buying an additional 25,560 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT traded up $0.02 during mid-day trading on Wednesday, reaching $51.02. The stock had a trading volume of 763,629 shares. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The business has a fifty day moving average of $50.99 and a 200 day moving average of $50.88.

iShares Floating Rate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were given a $0.2589 dividend. This is a positive change from iShares Floating Rate Bond ETF’s previous dividend of $0.26. The ex-dividend date was Monday, June 3rd.

iShares Floating Rate Bond ETF Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for iShares Floating Rate Bond ETF (BATS:FLOT)

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