iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Pin Oak Investment Advisors Inc.

Pin Oak Investment Advisors Inc. cut its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 35.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,794 shares of the company’s stock after selling 985 shares during the period. Pin Oak Investment Advisors Inc.’s holdings in iShares Floating Rate Bond ETF were worth $90,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IndexIQ Advisors LLC boosted its stake in iShares Floating Rate Bond ETF by 5,178.1% in the fourth quarter. IndexIQ Advisors LLC now owns 1,307,162 shares of the company’s stock valued at $65,829,000 after acquiring an additional 1,282,396 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in iShares Floating Rate Bond ETF by 57.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,631,157 shares of the company’s stock valued at $134,242,000 after acquiring an additional 961,221 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $47,809,000. BlackRock Inc. boosted its stake in iShares Floating Rate Bond ETF by 83.7% in the third quarter. BlackRock Inc. now owns 2,042,253 shares of the company’s stock valued at $104,196,000 after acquiring an additional 930,795 shares in the last quarter. Finally, High Falls Advisors Inc boosted its stake in iShares Floating Rate Bond ETF by 6,360.8% in the fourth quarter. High Falls Advisors Inc now owns 746,873 shares of the company’s stock valued at $37,613,000 after acquiring an additional 735,313 shares in the last quarter.

FLOT remained flat at $$50.89 during trading on Friday. 637,017 shares of the company’s stock traded hands. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10.

The business also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.1315 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.58 dividend on an annualized basis and a dividend yield of 3.10%. This is a boost from iShares Floating Rate Bond ETF’s previous monthly dividend of $0.12.

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

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