DMC Group LLC Decreases Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

DMC Group LLC lowered its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,337 shares of the company’s stock after selling 940 shares during the period. iShares Floating Rate Bond ETF makes up approximately 1.2% of DMC Group LLC’s investment portfolio, making the stock its 18th biggest position. DMC Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,493,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FLOT. Franklin Resources Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF by 31.0% in the 3rd quarter. Franklin Resources Inc. now owns 4,723,569 shares of the company’s stock worth $240,430,000 after purchasing an additional 1,118,243 shares during the period. US Bancorp DE lifted its position in iShares Floating Rate Bond ETF by 143.8% in the third quarter. US Bancorp DE now owns 624,945 shares of the company’s stock worth $31,897,000 after buying an additional 368,596 shares during the last quarter. Hartline Investment Corp boosted its stake in iShares Floating Rate Bond ETF by 284.6% during the third quarter. Hartline Investment Corp now owns 398,935 shares of the company’s stock worth $20,362,000 after buying an additional 295,204 shares during the period. Mutual Advisors LLC boosted its stake in iShares Floating Rate Bond ETF by 880.7% during the fourth quarter. Mutual Advisors LLC now owns 249,801 shares of the company’s stock worth $12,740,000 after buying an additional 224,329 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in iShares Floating Rate Bond ETF by 510.0% during the third quarter. Integrated Wealth Concepts LLC now owns 229,208 shares of the company’s stock valued at $11,699,000 after acquiring an additional 191,633 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

iShares Floating Rate Bond ETF stock opened at $51.07 on Thursday. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10. The firm has a 50-day moving average price of $50.94 and a 200-day moving average price of $50.95.

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.