Foundations Investment Advisors LLC Raises Stock Holdings in iShares Floating Rate Bond ETF $FLOT

Foundations Investment Advisors LLC lifted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,549 shares of the company’s stock after acquiring an additional 9,929 shares during the quarter. Foundations Investment Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $6,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lowe Brockenbrough & Co. Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF during the third quarter valued at approximately $30,000. Tucker Asset Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $37,000. Atlantic Union Bankshares Corp purchased a new stake in shares of iShares Floating Rate Bond ETF during the third quarter valued at approximately $41,000. GPS Wealth Strategies Group LLC increased its position in shares of iShares Floating Rate Bond ETF by 142.6% during the third quarter. GPS Wealth Strategies Group LLC now owns 1,235 shares of the company’s stock valued at $63,000 after acquiring an additional 726 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares Floating Rate Bond ETF during the third quarter valued at approximately $72,000.

iShares Floating Rate Bond ETF Stock Up 0.0%

Shares of FLOT opened at $51.05 on Friday. The stock has a 50 day moving average of $50.91 and a 200 day moving average of $50.92. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month high of $51.09.

iShares Floating Rate Bond ETF 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.