Bay Colony Advisory Group Inc d b a Bay Colony Advisors Raises Stake in iShares Floating Rate Bond ETF $FLOT

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 16.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,704 shares of the company’s stock after purchasing an additional 3,391 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in iShares Floating Rate Bond ETF were worth $1,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northern Trust Corp raised its holdings in iShares Floating Rate Bond ETF by 11.0% during the first quarter. Northern Trust Corp now owns 4,530,501 shares of the company’s stock worth $231,282,000 after purchasing an additional 447,443 shares in the last quarter. LPL Financial LLC raised its holdings in iShares Floating Rate Bond ETF by 20.0% during the first quarter. LPL Financial LLC now owns 4,265,149 shares of the company’s stock worth $217,736,000 after purchasing an additional 709,617 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in iShares Floating Rate Bond ETF by 143.4% during the first quarter. Ameriprise Financial Inc. now owns 2,611,975 shares of the company’s stock worth $133,006,000 after purchasing an additional 1,538,926 shares in the last quarter. Glenview Trust co raised its holdings in iShares Floating Rate Bond ETF by 4.0% during the first quarter. Glenview Trust co now owns 2,529,427 shares of the company’s stock worth $129,127,000 after purchasing an additional 97,749 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in iShares Floating Rate Bond ETF by 59.0% during the first quarter. Royal Bank of Canada now owns 2,351,795 shares of the company’s stock worth $120,058,000 after purchasing an additional 872,352 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

FLOT stock opened at $51.07 on Friday. iShares Floating Rate Bond ETF has a twelve month low of $49.75 and a twelve month high of $51.34. The company’s 50 day moving average is $50.98 and its two-hundred day moving average is $50.93.

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.