Schwab Charitable Fund Raises Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Schwab Charitable Fund raised its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 1.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 27,106 shares of the company’s stock after acquiring an additional 265 shares during the quarter. iShares Floating Rate Bond ETF comprises 0.0% of Schwab Charitable Fund’s holdings, making the stock its 14th biggest holding. Schwab Charitable Fund’s holdings in iShares Floating Rate Bond ETF were worth $1,384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FLOT. Pinnacle Associates Ltd. grew its holdings in iShares Floating Rate Bond ETF by 7.8% during the fourth quarter. Pinnacle Associates Ltd. now owns 22,905 shares of the company’s stock valued at $1,159,000 after purchasing an additional 1,657 shares during the period. Pinnacle Financial Partners Inc lifted its holdings in iShares Floating Rate Bond ETF by 25.2% during the 4th quarter. Pinnacle Financial Partners Inc now owns 21,260 shares of the company’s stock worth $1,076,000 after purchasing an additional 4,277 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in iShares Floating Rate Bond ETF by 0.9% in the 4th quarter. DAVENPORT & Co LLC now owns 1,034,179 shares of the company’s stock worth $52,350,000 after purchasing an additional 8,904 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in iShares Floating Rate Bond ETF by 64.2% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,407 shares of the company’s stock valued at $71,000 after buying an additional 550 shares in the last quarter. Finally, Breakwater Capital Group grew its holdings in iShares Floating Rate Bond ETF by 41.7% during the 4th quarter. Breakwater Capital Group now owns 13,869 shares of the company’s stock valued at $705,000 after buying an additional 4,083 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.2 %

Shares of iShares Floating Rate Bond ETF stock traded down $0.09 on Friday, reaching $50.75. The stock had a trading volume of 2,023,573 shares. The business’s 50 day moving average is $50.99 and its two-hundred day moving average is $50.95. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were given a dividend of $0.2494 per share. The ex-dividend date of this dividend 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.