International Assets Investment Management LLC lifted its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 63.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,256 shares of the company’s stock after purchasing an additional 22,919 shares during the period. International Assets Investment Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $3,005,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of FLOT. Evolution Wealth Management Inc. purchased a new stake in iShares Floating Rate Bond ETF during the 1st quarter worth about $25,000. Cornerstone Financial Management LLC purchased a new position in iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $30,000. Quarry LP purchased a new position in iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $36,000. Tucker Asset Management LLC acquired a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth approximately $37,000. Finally, Bayban acquired a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth approximately $37,000.
iShares Floating Rate Bond ETF Trading Up 0.0%
Shares of BATS FLOT traded up $0.01 during mid-day trading on Friday, reaching $50.98. The company had a trading volume of 1,248,634 shares, compared to its average volume of 1,790,306. The firm has a 50 day simple moving average of $50.97 and a two-hundred day simple moving average of $50.93. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week 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.
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