iShares Floating Rate Bond ETF $FLOT Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC lowered its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 5.3% during the first quarter, Holdings Channel.com reports. The fund owned 368,417 shares of the company’s stock after selling 20,521 shares during the quarter. Modera Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $18,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLOT. Bank of America Corp DE increased its stake in iShares Floating Rate Bond ETF by 0.6% during the third quarter. Bank of America Corp DE now owns 8,849,172 shares of the company’s stock worth $452,060,000 after acquiring an additional 49,559 shares during the last quarter. Morgan Stanley lifted its stake in shares of iShares Floating Rate Bond ETF by 1.2% in the 4th quarter. Morgan Stanley now owns 6,136,314 shares of the company’s stock valued at $312,093,000 after purchasing an additional 71,189 shares in the last quarter. Northern Trust Corp lifted its stake in shares of iShares Floating Rate Bond ETF by 8.6% in the 4th quarter. Northern Trust Corp now owns 5,453,861 shares of the company’s stock valued at $277,383,000 after purchasing an additional 432,264 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of iShares Floating Rate Bond ETF by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,254,227 shares of the company’s stock worth $165,510,000 after purchasing an additional 31,384 shares during the period. Finally, New York Life Investment Management LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 1.8% during the 4th quarter. New York Life Investment Management LLC now owns 3,133,476 shares of the company’s stock worth $159,369,000 after purchasing an additional 55,725 shares during the period.

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $50.98 on Friday. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.09. The firm has a 50 day moving average price of $50.98 and a 200 day moving average price of $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.