Union Savings Bank Takes $793,000 Position in iShares Floating Rate Bond ETF $FLOT

Union Savings Bank bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, Holdings Channel reports. The firm bought 15,594 shares of the company’s stock, valued at approximately $793,000.

A number of other institutional investors have also modified their holdings of the company. Bank of America Corp DE increased its position in iShares Floating Rate Bond ETF by 0.6% during the 3rd quarter. Bank of America Corp DE now owns 8,849,172 shares of the company’s stock worth $452,060,000 after purchasing an additional 49,559 shares in the last quarter. Morgan Stanley lifted its position in iShares Floating Rate Bond ETF by 1.2% during the fourth quarter. Morgan Stanley now owns 6,136,314 shares of the company’s stock valued at $312,093,000 after buying an additional 71,189 shares in the last quarter. Northern Trust Corp grew its stake in iShares Floating Rate Bond ETF by 8.6% during the fourth quarter. Northern Trust Corp now owns 5,453,861 shares of the company’s stock worth $277,383,000 after buying an additional 432,264 shares during the period. Wells Fargo & Company MN grew its stake in iShares Floating Rate Bond ETF by 1.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,254,227 shares of the company’s stock worth $165,510,000 after buying an additional 31,384 shares during the period. Finally, New York Life Investment Management LLC increased its position in shares of iShares Floating Rate Bond ETF by 1.8% in the fourth quarter. New York Life Investment Management LLC now owns 3,133,476 shares of the company’s stock worth $159,369,000 after acquiring an additional 55,725 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

iShares Floating Rate Bond ETF stock opened at $51.00 on Friday. The firm has a fifty day moving average of $50.95 and a 200-day moving average of $50.92. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week high of $51.09.

iShares Floating Rate Bond ETF 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.