Pinnacle Associates Ltd. cut its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 232,992 shares of the company’s stock after selling 26,410 shares during the quarter. Pinnacle Associates Ltd.’s holdings in iShares Floating Rate Bond ETF were worth $11,733,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Certified Advisory Corp grew its holdings in iShares Floating Rate Bond ETF by 154.8% in the fourth 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. Camarda Financial Advisors LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 71.2% during the fourth 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. Parallel Advisors LLC lifted its position in iShares Floating Rate Bond ETF by 79.7% during the third quarter. Parallel Advisors LLC now owns 2,429 shares of the company’s stock valued at $124,000 after purchasing an additional 1,077 shares during the period. Sterling Investment Advisors Ltd. lifted its position in iShares Floating Rate Bond ETF by 25.0% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 2,500 shares of the company’s stock valued at $125,000 after purchasing an additional 500 shares during the period. Finally, Pin Oak Investment Advisors Inc. acquired a new position in iShares Floating Rate Bond ETF during the third quarter valued at $142,000.

BATS FLOT opened at $50.73 on Monday. iShares Floating Rate Bond ETF has a 1 year low of $50.76 and a 1 year high of $51.10.

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 7th. Shareholders of record on Monday, February 4th were issued a $0.1259 dividend. This is a boost 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 dividend on an annualized basis and a yield of 2.98%.

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Institutional Ownership by Quarter for iShares Floating Rate Bond ETF (BATS:FLOT)

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