Perennial Advisors LLC Increases Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Perennial Advisors LLC raised its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 11.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 163,200 shares of the company’s stock after buying an additional 16,573 shares during the quarter. iShares Floating Rate Bond ETF makes up about 1.7% of Perennial Advisors LLC’s holdings, making the stock its 21st largest holding. Perennial Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $8,331,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FLOT. LaFleur & Godfrey LLC raised its stake in iShares Floating Rate Bond ETF by 199.2% during the 4th quarter. LaFleur & Godfrey LLC now owns 196,895 shares of the company’s stock valued at $10,018,000 after buying an additional 131,093 shares during the last quarter. Apollon Wealth Management LLC raised its stake in iShares Floating Rate Bond ETF by 826.0% during the 4th quarter. Apollon Wealth Management LLC now owns 177,171 shares of the company’s stock valued at $9,014,000 after buying an additional 158,038 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in iShares Floating Rate Bond ETF by 55.6% during the 4th quarter. Kingsview Wealth Management LLC now owns 47,146 shares of the company’s stock valued at $2,399,000 after buying an additional 16,856 shares during the last quarter. AlphaStar Capital Management LLC raised its stake in iShares Floating Rate Bond ETF by 27.7% during the 4th quarter. AlphaStar Capital Management LLC now owns 47,218 shares of the company’s stock valued at $2,402,000 after buying an additional 10,229 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in iShares Floating Rate Bond ETF by 8.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 54,636 shares of the company’s stock valued at $2,780,000 after buying an additional 4,480 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $50.84 on Friday. iShares Floating Rate Bond ETF has a 1 year low of $49.75 and a 1 year high of $51.34. The firm has a fifty day moving average price of $50.75 and a 200-day moving average price of $50.89.

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.