Western Financial Corp CA Lowers Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Western Financial Corp CA decreased its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,974 shares of the company’s stock after selling 1,064 shares during the quarter. Western Financial Corp CA’s holdings in iShares Floating Rate Bond ETF were worth $713,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Demars Financial Group LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 5,019.0% during 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 during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 2,108.2% in the fourth quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock worth $231,716,000 after purchasing an additional 4,347,920 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF in the fourth quarter worth about $43,863,000. JPMorgan Chase & Co. boosted its stake in iShares Floating Rate Bond ETF by 103.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,414,905 shares of the company’s stock valued at $71,990,000 after buying an additional 719,584 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in iShares Floating Rate Bond ETF by 21.5% during the 4th quarter. Wells Fargo & Company MN now owns 2,658,917 shares of the company’s stock valued at $135,286,000 after buying an additional 470,630 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.0%

BATS:FLOT opened at $50.98 on Thursday. iShares Floating Rate Bond ETF has a 1 year low of $49.75 and a 1 year high of $51.34. The stock’s 50 day simple moving average is $50.86 and its two-hundred day simple moving average is $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.