Napier Financial LLC Buys New Position in iShares Floating Rate Bond ETF $FLOT

Napier Financial LLC bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the fourth quarter, HoldingsChannel.com reports. The fund bought 84,164 shares of the company’s stock, valued at approximately $4,281,000. iShares Floating Rate Bond ETF makes up about 1.1% of Napier Financial LLC’s investment portfolio, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLOT. Cascade Wealth Advisors Inc increased its position in shares of iShares Floating Rate Bond ETF by 26.3% during the 3rd quarter. Cascade Wealth Advisors Inc now owns 246,710 shares of the company’s stock worth $12,561,000 after purchasing an additional 51,392 shares during the last quarter. Elmwood Wealth Management Inc. increased its position in shares of iShares Floating Rate Bond ETF by 49.1% during the 3rd quarter. Elmwood Wealth Management Inc. now owns 59,913 shares of the company’s stock worth $3,061,000 after purchasing an additional 19,725 shares during the last quarter. Crews Bank & Trust increased its position in shares of iShares Floating Rate Bond ETF by 132.3% during the 4th quarter. Crews Bank & Trust now owns 80,422 shares of the company’s stock worth $4,090,000 after purchasing an additional 45,795 shares during the last quarter. Assetmark Inc. increased its position in shares of iShares Floating Rate Bond ETF by 0.7% during the 3rd quarter. Assetmark Inc. now owns 1,839,990 shares of the company’s stock worth $93,996,000 after purchasing an additional 12,153 shares during the last quarter. Finally, Glenview Trust Co increased its position in shares of iShares Floating Rate Bond ETF by 3.9% during the 3rd quarter. Glenview Trust Co now owns 2,757,420 shares of the company’s stock worth $140,863,000 after purchasing an additional 102,353 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $50.93 on Monday. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month high of $51.09. The stock’s 50 day moving average price is $50.92 and its two-hundred day moving average price is $50.92.

iShares Floating Rate Bond ETF Company 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.