M Holdings Securities Inc. Makes New $1.20 Million Investment in iShares Floating Rate Bond ETF $FLOT

M Holdings Securities Inc. bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 23,516 shares of the company’s stock, valued at approximately $1,200,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLOT. Glenview Trust Co raised its stake in iShares Floating Rate Bond ETF by 3.4% in the third quarter. Glenview Trust Co now owns 3,253,697 shares of the company’s stock valued at $166,101,000 after buying an additional 107,720 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in iShares Floating Rate Bond ETF by 12.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,029,454 shares of the company’s stock worth $103,401,000 after acquiring an additional 230,814 shares in the last quarter. Assetmark Inc. grew its stake in shares of iShares Floating Rate Bond ETF by 2.4% during the first quarter. Assetmark Inc. now owns 1,965,478 shares of the company’s stock worth $100,141,000 after acquiring an additional 46,823 shares during the last quarter. Kensington Asset Management LLC grew its stake 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 acquiring an additional 434,772 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of iShares Floating Rate Bond ETF by 1.3% during the first quarter. Cetera Investment Advisers now owns 1,086,284 shares of the company’s stock worth $55,346,000 after acquiring an additional 13,784 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

FLOT opened at $50.87 on Tuesday. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week high of $51.08. The firm’s 50-day moving average price is $50.95 and its 200-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.