Traders Sell iShares Floating Rate Bond ETF (FLOT) on Strength (FLOT)

Investors sold shares of iShares Floating Rate Bond ETF (BATS:FLOT) on strength during trading on Monday. $11.08 million flowed into the stock on the tick-up and $44.94 million flowed out of the stock on the tick-down, for a money net flow of $33.86 million out of the stock. Of all stocks tracked, iShares Floating Rate Bond ETF had the 24th highest net out-flow for the day. iShares Floating Rate Bond ETF traded up $0.01 for the day and closed at $50.73

The firm also recently declared a monthly dividend, which was paid on Thursday, February 7th. Stockholders of record on Monday, February 4th were paid a dividend of $0.1259 per share. This is a positive change from iShares Floating Rate Bond ETF’s previous monthly dividend of $0.12. The ex-dividend date of this dividend was Friday, February 1st. This represents a $1.51 annualized dividend and a dividend yield of 2.98%.

Several institutional investors and hedge funds have recently made changes to their positions in FLOT. Certified Advisory Corp increased its stake in shares of iShares Floating Rate Bond ETF by 154.8% during the 4th quarter. Certified Advisory Corp now owns 767 shares of the company’s stock worth $39,000 after purchasing an additional 466 shares during the last quarter. Citizens Financial Group Inc RI bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth $41,000. Camarda Financial Advisors LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 71.2% during the 4th quarter. Camarda Financial Advisors LLC now owns 1,075 shares of the company’s stock worth $54,000 after buying an additional 447 shares during the period. Doyle Wealth Management bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth $78,000. Finally, Parallel Advisors LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 79.7% during the 3rd quarter. Parallel Advisors LLC now owns 2,429 shares of the company’s stock worth $124,000 after buying an additional 1,077 shares during the period.

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Further Reading: How to execute a trade ex-dividend strategy?

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