TAP Consulting LLC Has $351,000 Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

TAP Consulting LLC decreased its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 8.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 6,896 shares of the company’s stock after selling 665 shares during the quarter. TAP Consulting LLC’s holdings in iShares Floating Rate Bond ETF were worth $351,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Arvest Investments Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF by 5.4% in the fourth quarter. Arvest Investments Inc. now owns 37,372 shares of the company’s stock valued at $1,902,000 after purchasing an additional 1,923 shares in the last quarter. L.K. Benson & Company P.C. bought a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter worth $847,000. Horizon Investments LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 261.9% in the fourth quarter. Horizon Investments LLC now owns 8,472 shares of the company’s stock valued at $429,000 after purchasing an additional 6,131 shares during the last quarter. SSI Investment Management LLC lifted its position in shares of iShares Floating Rate Bond ETF by 1.7% during the fourth quarter. SSI Investment Management LLC now owns 92,504 shares of the company’s stock valued at $4,707,000 after purchasing an additional 1,565 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its holdings in iShares Floating Rate Bond ETF by 2.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 54,032 shares of the company’s stock worth $2,749,000 after purchasing an additional 1,289 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0 %

BATS:FLOT opened at $51.00 on Thursday. iShares Floating Rate Bond ETF has a 52 week low of $50.28 and a 52 week high of $51.16. The firm has a 50-day moving average price of $50.99 and a two-hundred day moving average price of $50.95.

iShares Floating Rate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.1912 per share. The ex-dividend date was Monday, March 3rd.

About iShares Floating Rate Bond ETF

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.