Principal Financial Group Inc. Grows Position in iShares Floating Rate Bond ETF $FLOT

Principal Financial Group Inc. raised its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 212.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,046 shares of the company’s stock after purchasing an additional 78,250 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares Floating Rate Bond ETF were worth $5,862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. L.K. Benson & Company P.C. lifted its stake in shares of iShares Floating Rate Bond ETF by 1.3% during the fourth quarter. L.K. Benson & Company P.C. now owns 16,185 shares of the company’s stock worth $823,000 after buying an additional 204 shares during the period. Donor Advised Charitable Giving Inc. grew its holdings in shares of iShares Floating Rate Bond ETF by 1.6% during the fourth quarter. Donor Advised Charitable Giving Inc. now owns 14,388 shares of the company’s stock valued at $732,000 after buying an additional 226 shares during the last quarter. Glen Eagle Advisors LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 6.6% during the fourth quarter. Glen Eagle Advisors LLC now owns 3,852 shares of the company’s stock valued at $196,000 after buying an additional 237 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of iShares Floating Rate Bond ETF by 18.6% in the 4th quarter. North Star Investment Management Corp. now owns 1,731 shares of the company’s stock valued at $88,000 after acquiring an additional 271 shares during the period. Finally, Ascent Group LLC increased its position in shares of iShares Floating Rate Bond ETF by 5.0% in the 4th quarter. Ascent Group LLC now owns 5,660 shares of the company’s stock valued at $288,000 after acquiring an additional 272 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock opened at $51.06 on Tuesday. The business has a fifty day moving average of $50.99 and a 200 day moving average of $50.94. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.09.

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.