Axxcess Wealth Management LLC Raises Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Axxcess Wealth Management LLC lifted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 25.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,644 shares of the company’s stock after purchasing an additional 13,612 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $3,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Blueprint Investment Partners LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter worth $824,000. Kingswood Wealth Advisors LLC boosted its holdings in iShares Floating Rate Bond ETF by 143.4% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 10,396 shares of the company’s stock valued at $531,000 after acquiring an additional 6,124 shares during the period. Colonial Trust Advisors boosted its holdings in iShares Floating Rate Bond ETF by 2.1% during the 4th quarter. Colonial Trust Advisors now owns 243,175 shares of the company’s stock valued at $12,373,000 after acquiring an additional 4,992 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in iShares Floating Rate Bond ETF by 10.9% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,757 shares of the company’s stock valued at $447,000 after acquiring an additional 859 shares during the period. Finally, Fifth Third Bancorp raised its position in iShares Floating Rate Bond ETF by 165.9% in the 1st quarter. Fifth Third Bancorp now owns 2,119 shares of the company’s stock valued at $108,000 after purchasing an additional 1,322 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.1%

FLOT stock opened at $50.93 on Thursday. iShares Floating Rate Bond ETF has a 1 year low of $49.75 and a 1 year high of $51.34. The business’s 50-day moving average is $50.88 and its two-hundred day moving average is $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.