Burke & Herbert Bank & Trust Co. Sells 400 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

Burke & Herbert Bank & Trust Co. decreased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,985 shares of the company’s stock after selling 400 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in iShares Floating Rate Bond ETF were worth $203,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. boosted its holdings in iShares Floating Rate Bond ETF by 31.0% during the third quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock worth $240,430,000 after purchasing an additional 1,118,243 shares during the last quarter. US Bancorp DE boosted its stake in shares of iShares Floating Rate Bond ETF by 143.8% during the 3rd quarter. US Bancorp DE now owns 624,945 shares of the company’s stock worth $31,897,000 after buying an additional 368,596 shares during the last quarter. Hartline Investment Corp boosted its stake in shares of iShares Floating Rate Bond ETF by 80.8% during the 4th quarter. Hartline Investment Corp now owns 721,221 shares of the company’s stock worth $36,696,000 after buying an additional 322,286 shares during the last quarter. Mutual Advisors LLC increased its position in shares of iShares Floating Rate Bond ETF by 880.7% in the fourth quarter. Mutual Advisors LLC now owns 249,801 shares of the company’s stock valued at $12,740,000 after acquiring an additional 224,329 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in iShares Floating Rate Bond ETF by 510.0% during the third quarter. Integrated Wealth Concepts LLC now owns 229,208 shares of the company’s stock worth $11,699,000 after acquiring an additional 191,633 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $51.01 on Monday. iShares Floating Rate Bond ETF has a twelve month low of $50.76 and a twelve month high of $51.10. The business has a 50 day moving average price of $50.94 and a two-hundred day moving average price of $50.94.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a dividend of $0.2021 per share. The ex-dividend date was Monday, February 3rd.

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.