RiverTree Advisors LLC Acquires New Position in iShares Floating Rate Bond ETF (BATS:FLOT)

RiverTree Advisors LLC acquired a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the 1st quarter, Holdings Channel.com reports. The firm acquired 40,312 shares of the company’s stock, valued at approximately $2,058,000. iShares Floating Rate Bond ETF accounts for 1.4% of RiverTree Advisors LLC’s investment portfolio, making the stock its 21st biggest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter worth about $33,000. Logan Capital Management Inc. raised its position in iShares Floating Rate Bond ETF by 67.4% during the fourth quarter. Logan Capital Management Inc. now owns 807 shares of the company’s stock worth $41,000 after acquiring an additional 325 shares during the last quarter. Transce3nd LLC acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter worth about $44,000. Headlands Technologies LLC acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter worth about $57,000. Finally, Boyd Watterson Asset Management LLC OH raised its position in iShares Floating Rate Bond ETF by 227.5% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock worth $71,000 after acquiring an additional 967 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.2%

Shares of BATS FLOT opened at $50.89 on Monday. iShares Floating Rate Bond ETF has a 12 month low of $49.75 and a 12 month high of $51.34. The company has a 50-day simple moving average of $50.79 and a 200-day simple moving average of $50.89.

About iShares Floating Rate Bond ETF

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.