Vericrest Private Wealth Purchases New Position in iShares Floating Rate Bond ETF $FLOT

Vericrest Private Wealth purchased a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 24,963 shares of the company’s stock, valued at approximately $1,270,000. iShares Floating Rate Bond ETF makes up 1.1% of Vericrest Private Wealth’s holdings, making the stock its 22nd largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Cascade Wealth Advisors Inc grew its holdings in shares of iShares Floating Rate Bond ETF by 26.3% during the third 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. Crews Bank & Trust raised its holdings in shares of iShares Floating Rate Bond ETF by 132.3% in the fourth quarter. Crews Bank & Trust now owns 80,422 shares of the company’s stock valued at $4,090,000 after buying an additional 45,795 shares during the last quarter. Prevail Innovative Wealth Advisors LLC bought a new position in shares of iShares Floating Rate Bond ETF in the third quarter valued at about $1,560,000. Apollon Wealth Management LLC lifted its position in iShares Floating Rate Bond ETF by 6.4% during the 4th quarter. Apollon Wealth Management LLC now owns 192,495 shares of the company’s stock worth $9,790,000 after buying an additional 11,514 shares in the last quarter. Finally, Shira Ridge Wealth Management lifted its position in iShares Floating Rate Bond ETF by 73.6% during the 4th quarter. Shira Ridge Wealth Management now owns 138,733 shares of the company’s stock worth $7,056,000 after buying an additional 58,813 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $51.00 on Friday. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month high of $51.09. The company’s 50-day moving average price is $50.95 and its two-hundred day moving average price is $50.92.

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.