Salem Investment Counselors Inc. grew its position in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 165.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,457 shares of the company’s stock after purchasing an additional 7,767 shares during the period. Salem Investment Counselors Inc.’s holdings in iShares Floating Rate Bond ETF were worth $636,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. NorthRock Partners LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 269.5% in the first quarter. NorthRock Partners LLC now owns 521 shares of the company’s stock valued at $27,000 after purchasing an additional 380 shares in the last quarter. Asset Dedication LLC bought a new stake in iShares Floating Rate Bond ETF during the first quarter worth about $29,000. Ameriflex Group Inc. bought a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth about $33,000. WASHINGTON TRUST Co raised its holdings in iShares Floating Rate Bond ETF by 242.6% during the first quarter. WASHINGTON TRUST Co now owns 692 shares of the company’s stock worth $35,000 after acquiring an additional 490 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in iShares Floating Rate Bond ETF during the first quarter worth about $43,000.
iShares Floating Rate Bond ETF Trading Down 0.0%
FLOT opened at $50.96 on Monday. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34. The business’s 50-day simple moving average is $50.97 and its 200 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.
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