Destination Wealth Management Raises Holdings in iShares Floating Rate Bond ETF $FLOT

Destination Wealth Management boosted its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 17.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 645,857 shares of the company’s stock after acquiring an additional 94,174 shares during the quarter. Destination Wealth Management’s holdings in iShares Floating Rate Bond ETF were worth $32,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings 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 valued at $452,060,000 after acquiring an additional 49,559 shares during the period. Morgan Stanley boosted its holdings in iShares Floating Rate Bond ETF by 1.2% during the 4th quarter. Morgan Stanley now owns 6,136,314 shares of the company’s stock valued at $312,093,000 after acquiring an additional 71,189 shares during the period. Northern Trust Corp boosted its holdings in iShares Floating Rate Bond ETF by 8.9% during the 3rd quarter. Northern Trust Corp now owns 5,021,597 shares of the company’s stock valued at $256,528,000 after acquiring an additional 408,643 shares during the period. Wells Fargo & Company MN boosted its holdings in iShares Floating Rate Bond ETF by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,254,227 shares of the company’s stock valued at $165,510,000 after acquiring an additional 31,384 shares during the period. Finally, New York Life Investment Management LLC boosted its holdings in iShares Floating Rate Bond ETF by 1.8% during the 4th quarter. New York Life Investment Management LLC now owns 3,133,476 shares of the company’s stock valued at $159,369,000 after acquiring an additional 55,725 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock opened at $50.99 on Friday. iShares Floating Rate Bond ETF has a 1-year low of $50.67 and a 1-year high of $51.09. The business has a 50-day moving average of $50.93 and a 200 day moving average of $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.