Waverly Advisors LLC Cuts Stake in iShares Floating Rate Bond ETF $FLOT

Waverly Advisors LLC lessened its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 82.9% in the 1st quarter, Holdings Channel reports. The fund owned 9,148 shares of the company’s stock after selling 44,338 shares during the period. Waverly Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $466,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Financial Sense Advisors Inc. lifted its position in iShares Floating Rate Bond ETF by 772.5% in the third quarter. Financial Sense Advisors Inc. now owns 707,462 shares of the company’s stock valued at $36,141,000 after purchasing an additional 626,378 shares during the period. RMG Wealth Management LLC acquired a new position in iShares Floating Rate Bond ETF during the 1st quarter worth approximately $30,601,000. Focus Partners Wealth increased its position in iShares Floating Rate Bond ETF by 5,292.9% during the 4th quarter. Focus Partners Wealth now owns 598,555 shares of the company’s stock worth $30,443,000 after purchasing an additional 587,456 shares during the period. New England Private Wealth Advisors LLC raised its stake in shares of iShares Floating Rate Bond ETF by 1,456.2% during the 4th quarter. New England Private Wealth Advisors LLC now owns 510,009 shares of the company’s stock worth $25,952,000 after buying an additional 477,237 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of iShares Floating Rate Bond ETF by 8.6% during 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.

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $50.92 on Tuesday. The business has a 50 day simple moving average of $50.99 and a 200-day simple moving average of $50.95. 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 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.