iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC cut its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 3.9% in the first quarter, HoldingsChannel reports. The firm owned 29,717 shares of the company’s stock after selling 1,192 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,517,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Demars Financial Group LLC raised its position 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 purchasing an additional 37,296,320 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of iShares Floating Rate Bond ETF by 2,108.2% during the fourth quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock worth $231,716,000 after buying an additional 4,347,920 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth approximately $43,863,000. JPMorgan Chase & Co. raised its holdings in iShares Floating Rate Bond ETF by 103.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,414,905 shares of the company’s stock valued at $71,990,000 after acquiring an additional 719,584 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in iShares Floating Rate Bond ETF by 21.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,658,917 shares of the company’s stock worth $135,286,000 after acquiring an additional 470,630 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.3%

BATS FLOT opened at $50.84 on Monday. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34. The firm has a 50 day moving average of $50.75 and a two-hundred day moving average of $50.89.

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.