Sowell Financial Services LLC purchased a new stake in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 83,043 shares of the company’s stock, valued at approximately $4,239,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of FLOT. The Manufacturers Life Insurance Company bought a new position in shares of iShares Floating Rate Bond ETF during the 1st quarter worth approximately $47,775,000. RMG Wealth Management LLC purchased a new position in iShares Floating Rate Bond ETF in the first quarter worth $30,601,000. Alpine Bank Wealth Management grew its holdings in iShares Floating Rate Bond ETF by 631.2% in the third quarter. Alpine Bank Wealth Management now owns 684,450 shares of the company’s stock worth $34,941,000 after purchasing an additional 590,842 shares during the last quarter. Kensington Asset Management LLC increased its position in shares of iShares Floating Rate Bond ETF by 39.9% during the first quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock worth $77,685,000 after purchasing an additional 434,772 shares in the last quarter. Finally, Avior Wealth Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at $20,652,000.
iShares Floating Rate Bond ETF Trading Up 0.0%
Shares of FLOT opened at $51.00 on Thursday. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month high of $51.08. The stock has a fifty day moving average price of $50.97 and a 200-day moving average price of $50.96.
About iShares Floating Rate Bond ETF
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.
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