Elmwood Wealth Management Inc. Makes New $1.92 Million Investment in iShares Floating Rate Bond ETF (BATS:FLOT)

Elmwood Wealth Management Inc. acquired a new position in iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 37,793 shares of the company’s stock, valued at approximately $1,923,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its position in iShares Floating Rate Bond ETF by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,002 shares of the company’s stock worth $1,276,000 after purchasing an additional 502 shares during the last quarter. Watts Gwilliam & Co. LLC boosted its position in iShares Floating Rate Bond ETF by 219.0% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 23,281 shares of the company’s stock worth $1,186,000 after purchasing an additional 15,982 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its stake in shares of iShares Floating Rate Bond ETF by 1.6% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 145,991 shares of the company’s stock valued at $7,428,000 after buying an additional 2,289 shares during the period. Private Client Services LLC raised its stake in shares of iShares Floating Rate Bond ETF by 53.8% in the fourth quarter. Private Client Services LLC now owns 6,662 shares of the company’s stock valued at $339,000 after buying an additional 2,329 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at $707,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT traded up $0.01 during mid-day trading on Monday, hitting $50.95. The stock had a trading volume of 3,506,514 shares. The business has a fifty day moving average price of $50.93 and a 200-day moving average price of $50.94. iShares Floating Rate Bond ETF has a 52 week low of $50.76 and a 52 week high of $51.10.

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.