Bank of Montreal Can Sells 153,609 Shares of iShares Floating Rate Bond ETF (FLOT)

Bank of Montreal Can trimmed its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 82.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,459 shares of the company’s stock after selling 153,609 shares during the quarter. Bank of Montreal Can’s holdings in iShares Floating Rate Bond ETF were worth $1,707,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Chesley Taft & Associates LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 47.6% in the 3rd quarter. Chesley Taft & Associates LLC now owns 45,425 shares of the company’s stock valued at $2,318,000 after purchasing an additional 14,650 shares during the last quarter. Courier Capital LLC lifted its stake in iShares Floating Rate Bond ETF by 14.3% during the 3rd quarter. Courier Capital LLC now owns 52,900 shares of the company’s stock worth $2,699,000 after acquiring an additional 6,636 shares in the last quarter. LFA Lugano Financial Advisors SA lifted its stake in iShares Floating Rate Bond ETF by 95.2% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 91,896 shares of the company’s stock worth $4,689,000 after acquiring an additional 44,817 shares in the last quarter. Stone House Investment Management LLC lifted its stake in iShares Floating Rate Bond ETF by 79.1% during the 3rd quarter. Stone House Investment Management LLC now owns 198,371 shares of the company’s stock worth $10,121,000 after acquiring an additional 87,615 shares in the last quarter. Finally, Montecito Bank & Trust acquired a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth about $729,000.

FLOT stock traded down $0.22 during mid-day trading on Monday, reaching $50.50. The company had a trading volume of 5,439,826 shares. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 7th. Stockholders of record on Tuesday, December 4th will be issued a $0.1157 dividend. The ex-dividend date is Monday, December 3rd. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.75%. This is an increase from iShares Floating Rate Bond ETF’s previous monthly dividend of $0.11.

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

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