Pinnacle Wealth Management Advisory Group LLC Sells 1,755 Shares of iShares Floating Rate Bond ETF (FLOT)

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Pinnacle Wealth Management Advisory Group LLC reduced its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 3.7% during the first quarter, Holdings Channel reports. The fund owned 46,285 shares of the company’s stock after selling 1,755 shares during the period. iShares Floating Rate Bond ETF comprises approximately 1.1% of Pinnacle Wealth Management Advisory Group LLC’s holdings, making the stock its 22nd largest position. Pinnacle Wealth Management Advisory Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLOT. Bank of America Corp DE grew its stake in iShares Floating Rate Bond ETF by 1.3% during the 4th quarter. Bank of America Corp DE now owns 20,283,771 shares of the company’s stock worth $1,021,492,000 after buying an additional 267,091 shares during the last quarter. Morgan Stanley raised its stake in shares of iShares Floating Rate Bond ETF by 9.6% in the third quarter. Morgan Stanley now owns 4,146,168 shares of the company’s stock valued at $211,537,000 after acquiring an additional 362,000 shares in the last quarter. BlackRock Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 41.4% in the fourth quarter. BlackRock Inc. now owns 2,887,901 shares of the company’s stock valued at $145,435,000 after acquiring an additional 845,648 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 16.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,468,788 shares of the company’s stock valued at $124,330,000 after acquiring an additional 343,550 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of iShares Floating Rate Bond ETF by 1.3% in the fourth quarter. LPL Financial LLC now owns 1,874,315 shares of the company’s stock valued at $94,390,000 after acquiring an additional 23,352 shares in the last quarter.

Shares of BATS FLOT traded up $0.04 during mid-day trading on Monday, hitting $50.92. The company had a trading volume of 1,021,588 shares. iShares Floating Rate Bond ETF has a 1-year low of $50.76 and a 1-year high of $51.10.

The business also recently disclosed a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were paid a $0.1243 dividend. This represents a $1.49 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend was Wednesday, May 1st.

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Further Reading: What is the return on assets (ROA) ratio?

Want to see what other hedge funds are holding FLOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Floating Rate Bond ETF (BATS:FLOT).

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

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