Brookwood Investment Group LLC Reduces Position in iShares Floating Rate Bond ETF $FLOT

Brookwood Investment Group LLC decreased its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 26.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 27,982 shares of the company’s stock after selling 10,211 shares during the quarter. Brookwood Investment Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,428,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Spire Wealth Management increased its position in iShares Floating Rate Bond ETF by 13.0% during the first quarter. Spire Wealth Management now owns 1,880 shares of the company’s stock worth $96,000 after buying an additional 217 shares in the last quarter. Pinnacle Associates Ltd. grew its position in shares of iShares Floating Rate Bond ETF by 1.7% in the first quarter. Pinnacle Associates Ltd. now owns 15,061 shares of the company’s stock valued at $769,000 after purchasing an additional 251 shares during the period. Cresset Asset Management LLC grew its position in shares of iShares Floating Rate Bond ETF by 0.6% in the first quarter. Cresset Asset Management LLC now owns 43,171 shares of the company’s stock valued at $2,204,000 after purchasing an additional 252 shares during the period. Peddock Capital Advisors LLC grew its position in shares of iShares Floating Rate Bond ETF by 6.7% in the first quarter. Peddock Capital Advisors LLC now owns 4,247 shares of the company’s stock valued at $217,000 after purchasing an additional 267 shares during the period. Finally, Beaird Harris Wealth Management LLC grew its position in shares of iShares Floating Rate Bond ETF by 0.8% in the first quarter. Beaird Harris Wealth Management LLC now owns 37,319 shares of the company’s stock valued at $1,905,000 after purchasing an additional 286 shares during the period.

iShares Floating Rate Bond ETF Stock Up 0.1%

Shares of BATS:FLOT opened at $51.05 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 has a fifty day simple moving average of $50.97 and a 200-day simple moving average of $50.91.

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.