BTS Asset Management Inc. Reduces Position in iShares Floating Rate Bond ETF $FLOT

BTS Asset Management Inc. lessened its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,863 shares of the company’s stock after selling 204 shares during the period. iShares Floating Rate Bond ETF accounts for approximately 0.5% of BTS Asset Management Inc.’s investment portfolio, making the stock its 13th biggest position. BTS Asset Management Inc.’s holdings in iShares Floating Rate Bond ETF were worth $452,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc grew its stake in iShares Floating Rate Bond ETF by 11.5% during the 1st quarter. IFP Advisors Inc now owns 15,581 shares of the company’s stock valued at $795,000 after acquiring an additional 1,612 shares in the last quarter. Beaird Harris Wealth Management LLC grew its stake in iShares Floating Rate Bond ETF by 0.8% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 37,319 shares of the company’s stock valued at $1,905,000 after acquiring an additional 286 shares in the last quarter. Bank of New York Mellon Corp grew its stake in iShares Floating Rate Bond ETF by 43.3% during the 1st quarter. Bank of New York Mellon Corp now owns 57,406 shares of the company’s stock valued at $2,931,000 after acquiring an additional 17,346 shares in the last quarter. Focus Financial Network Inc. grew its stake in iShares Floating Rate Bond ETF by 32.6% during the 2nd quarter. Focus Financial Network Inc. now owns 11,841 shares of the company’s stock valued at $604,000 after acquiring an additional 2,912 shares in the last quarter. Finally, Carmel Capital Partners LLC boosted its holdings in iShares Floating Rate Bond ETF by 5.3% in the 2nd quarter. Carmel Capital Partners LLC now owns 103,591 shares of the company’s stock valued at $5,285,000 after purchasing an additional 5,255 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.1%

BATS:FLOT opened at $51.03 on Wednesday. The company’s 50-day moving average is $50.97 and its two-hundred day moving average is $50.89. iShares Floating Rate Bond ETF has a 1-year low of $49.75 and a 1-year high of $51.34.

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.