Webster Bank N. A. Grows Stock Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Webster Bank N. A. lifted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 4.9% during the first quarter, Holdings Channel reports. The institutional investor owned 43,007 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Webster Bank N. A.’s holdings in iShares Floating Rate Bond ETF were worth $2,196,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Demars Financial Group LLC increased its holdings in iShares Floating Rate Bond ETF by 5,019.0% in the 4th quarter. Demars Financial Group LLC now owns 38,039,428 shares of the company’s stock valued at $1,935,446,000 after acquiring an additional 37,296,320 shares during the last quarter. Bank of America Corp DE increased its holdings in iShares Floating Rate Bond ETF by 3.9% in the 4th quarter. Bank of America Corp DE now owns 7,888,150 shares of the company’s stock valued at $401,349,000 after acquiring an additional 295,184 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in iShares Floating Rate Bond ETF by 2,108.2% in the 4th quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock valued at $231,716,000 after acquiring an additional 4,347,920 shares during the last quarter. LPL Financial LLC increased its holdings in iShares Floating Rate Bond ETF by 4.4% in the 4th quarter. LPL Financial LLC now owns 3,555,532 shares of the company’s stock valued at $180,905,000 after acquiring an additional 149,228 shares during the last quarter. Finally, New York Life Investment Management LLC increased its holdings in iShares Floating Rate Bond ETF by 12.8% in the 4th quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock valued at $155,445,000 after acquiring an additional 347,836 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.0%

Shares of BATS FLOT opened at $50.97 on Friday. The firm’s fifty day moving average is $50.77 and its two-hundred day moving average is $50.90. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34.

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.