Pinnacle Financial Partners Inc Lowers Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Pinnacle Financial Partners Inc reduced its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 17.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,417 shares of the company’s stock after selling 4,178 shares during the period. Pinnacle Financial Partners Inc’s holdings in iShares Floating Rate Bond ETF were worth $991,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Koshinski Asset Management Inc. purchased a new stake in iShares Floating Rate Bond ETF during the first quarter valued at about $240,000. Orion Portfolio Solutions LLC increased its position in iShares Floating Rate Bond ETF by 20.9% during the 1st quarter. Orion Portfolio Solutions LLC now owns 39,812 shares of the company’s stock worth $2,033,000 after purchasing an additional 6,891 shares in the last quarter. Towercrest Capital Management raised its holdings in iShares Floating Rate Bond ETF by 6.1% in the first quarter. Towercrest Capital Management now owns 623,098 shares of the company’s stock valued at $31,815,000 after buying an additional 35,556 shares during the period. Edgestream Partners L.P. lifted its position in iShares Floating Rate Bond ETF by 12.6% during the first quarter. Edgestream Partners L.P. now owns 35,642 shares of the company’s stock valued at $1,820,000 after buying an additional 3,986 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. grew its stake in iShares Floating Rate Bond ETF by 4.0% during the first quarter. Penobscot Investment Management Company Inc. now owns 91,016 shares of the company’s stock worth $4,647,000 after buying an additional 3,467 shares during the period.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $50.95 on Friday. The company’s fifty day simple moving average is $50.94 and its 200-day simple moving average is $50.96. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10.

iShares Floating Rate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, September 3rd. This is a boost from iShares Floating Rate Bond ETF’s previous dividend of $0.25.

iShares Floating Rate Bond ETF 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.