ProCore Advisors LLC Makes New Investment in iShares Floating Rate Bond ETF $FLOT

ProCore Advisors LLC acquired a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,951 shares of the company’s stock, valued at approximately $1,376,000. iShares Floating Rate Bond ETF makes up approximately 1.6% of ProCore Advisors LLC’s portfolio, making the stock its 12th biggest holding.

Several other hedge funds have also recently bought and sold shares of the stock. Evolution Wealth Management Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at $25,000. Tompkins Financial Corp acquired a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth about $25,000. Bayban acquired a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth about $37,000. Global Assets Advisory LLC bought a new position in iShares Floating Rate Bond ETF during the 1st quarter valued at about $75,000. Finally, Wellington Grp LLC bought a new position in iShares Floating Rate Bond ETF during the 1st quarter valued at about $75,000.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $50.95 on Wednesday. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month high of $51.08. The company’s 50-day moving average price is $50.96 and its two-hundred day moving average price is $50.95.

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.