Independent Financial Group LLC Buys Shares of 31,273 iShares Floating Rate Bond ETF $FLOT

Independent Financial Group LLC bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,273 shares of the company’s stock, valued at approximately $1,593,000.

A number of other hedge funds have also made changes to their positions in FLOT. Focus Partners Wealth lifted its position in iShares Floating Rate Bond ETF by 8.9% in the 1st quarter. Focus Partners Wealth now owns 13,287 shares of the company’s stock worth $678,000 after buying an additional 1,088 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 70.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 11,891 shares of the company’s stock valued at $606,000 after acquiring an additional 4,907 shares in the last quarter. Transamerica Financial Advisors LLC increased its stake in shares of iShares Floating Rate Bond ETF by 5.8% in the second quarter. Transamerica Financial Advisors LLC now owns 53,539 shares of the company’s stock worth $2,732,000 after acquiring an additional 2,934 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 13.7% in the second quarter. Raymond James Financial Inc. now owns 1,124,339 shares of the company’s stock worth $57,364,000 after acquiring an additional 135,488 shares during the last quarter. Finally, Ausdal Financial Partners Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 30.6% in the second quarter. Ausdal Financial Partners Inc. now owns 22,304 shares of the company’s stock worth $1,138,000 after acquiring an additional 5,231 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT opened at $50.98 on Monday. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.09. The business has a fifty day simple moving average of $50.98 and a 200 day simple moving average of $50.93.

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.