Proficio Capital Partners LLC Cuts Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Proficio Capital Partners LLC trimmed its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 10.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,285 shares of the company’s stock after selling 16,535 shares during the period. iShares Floating Rate Bond ETF comprises about 0.8% of Proficio Capital Partners LLC’s portfolio, making the stock its 27th largest position. Proficio Capital Partners LLC’s holdings in iShares Floating Rate Bond ETF were worth $7,265,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. SouthState Corp purchased a new position in iShares Floating Rate Bond ETF in the fourth quarter valued at about $32,000. Planned Solutions Inc. bought a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter worth approximately $33,000. SRS Capital Advisors Inc. lifted its position in iShares Floating Rate Bond ETF by 444.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 801 shares of the company’s stock valued at $41,000 after acquiring an additional 654 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in iShares Floating Rate Bond ETF by 64.2% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after acquiring an additional 550 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC purchased a new position in iShares Floating Rate Bond ETF in the fourth quarter worth $73,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock traded up $0.01 during trading hours on Tuesday, reaching $50.93. 639,049 shares of the company’s stock were exchanged. 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 moving average is $50.99 and its 200-day moving average is $50.92.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were paid a $0.2494 dividend. The ex-dividend date was Monday, July 1st.

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.