Milestone Asset Management LLC bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm bought 19,303 shares of the company’s stock, valued at approximately $985,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Tompkins Financial Corp purchased a new stake in iShares Floating Rate Bond ETF in the second quarter valued at approximately $25,000. NorthRock Partners LLC raised its position in iShares Floating Rate Bond ETF by 269.5% in the 1st quarter. NorthRock Partners LLC now owns 521 shares of the company’s stock valued at $27,000 after purchasing an additional 380 shares during the last quarter. Asset Dedication LLC acquired a new stake in iShares Floating Rate Bond ETF during the 1st quarter worth $29,000. SYM FINANCIAL Corp purchased a new position in iShares Floating Rate Bond ETF during the 2nd quarter worth $37,000. Finally, TFC Financial Management Inc. acquired a new position in iShares Floating Rate Bond ETF in the second quarter valued at $40,000.
iShares Floating Rate Bond ETF Stock Performance
iShares Floating Rate Bond ETF stock opened at $50.84 on Tuesday. The business has a 50 day simple moving average of $50.97 and a 200-day simple moving average of $50.93. iShares Floating Rate Bond ETF has a 12 month low of $49.75 and a 12 month 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.
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Want to see what other hedge funds are holding FLOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Floating Rate Bond ETF (BATS:FLOT – Free Report).
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