Beacon Financial Group Sells 20,544 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Beacon Financial Group lessened its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,324 shares of the company’s stock after selling 20,544 shares during the quarter. iShares Floating Rate Bond ETF comprises 1.2% of Beacon Financial Group’s investment portfolio, making the stock its 16th biggest holding. Beacon Financial Group owned about 0.15% of iShares Floating Rate Bond ETF worth $10,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the company. Logan Capital Management Inc. acquired a new position in iShares Floating Rate Bond ETF during the third quarter worth $25,000. Darwin Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the third quarter worth about $27,000. Eastern Bank acquired a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth about $41,000. Bull Oak Capital LLC bought a new position in iShares Floating Rate Bond ETF in the 3rd quarter valued at about $115,000. Finally, Northstar Advisory Group LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $204,000.

iShares Floating Rate Bond ETF Trading Down 0.0 %

Shares of iShares Floating Rate Bond ETF stock opened at $50.96 on Wednesday. The stock has a fifty day simple moving average of $50.94 and a 200 day simple moving average of $50.94. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.2021 dividend. The ex-dividend date was Monday, February 3rd.

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.