The Manufacturers Life Insurance Company Purchases Shares of 937,692 iShares Floating Rate Bond ETF $FLOT

The Manufacturers Life Insurance Company purchased a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 937,692 shares of the company’s stock, valued at approximately $47,775,000. The Manufacturers Life Insurance Company owned about 0.54% of iShares Floating Rate Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bank of America Corp DE increased its position in shares of iShares Floating Rate Bond ETF by 0.6% in the third quarter. Bank of America Corp DE now owns 8,849,172 shares of the company’s stock worth $452,060,000 after purchasing an additional 49,559 shares during the last quarter. Morgan Stanley lifted its position in iShares Floating Rate Bond ETF by 1.2% during the fourth 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 during the last quarter. Northern Trust Corp grew its stake in 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 worth $277,383,000 after buying an additional 432,264 shares in the last quarter. Wells Fargo & Company MN grew its stake in iShares Floating Rate Bond ETF by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,254,227 shares of the company’s stock worth $165,510,000 after buying an additional 31,384 shares in the last quarter. Finally, New York Life Investment Management LLC grew its stake in iShares Floating Rate Bond ETF by 1.8% in 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 buying an additional 55,725 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $51.07 on Friday. The company’s fifty day moving average price is $50.99 and its 200-day moving average price is $50.94. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.09.

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.