Shira Ridge Wealth Management Has $10.96 Million Position in iShares Floating Rate Bond ETF $FLOT

Shira Ridge Wealth Management increased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 16.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 214,694 shares of the company’s stock after acquiring an additional 30,245 shares during the quarter. iShares Floating Rate Bond ETF comprises 3.8% of Shira Ridge Wealth Management’s investment portfolio, making the stock its 7th largest holding. Shira Ridge Wealth Management owned approximately 0.12% of iShares Floating Rate Bond ETF worth $10,960,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vertrix Wealth Management LLC bought a new position in iShares Floating Rate Bond ETF during the second quarter worth about $11,888,000. Worth Asset Management LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 21.5% during the 2nd quarter. Worth Asset Management LLC now owns 34,134 shares of the company’s stock valued at $1,743,000 after buying an additional 6,040 shares in the last quarter. Chesley Taft & Associates LLC boosted its holdings in iShares Floating Rate Bond ETF by 6.0% in the 2nd quarter. Chesley Taft & Associates LLC now owns 202,885 shares of the company’s stock worth $10,357,000 after buying an additional 11,400 shares during the period. Elmwood Wealth Management Inc. boosted its holdings in iShares Floating Rate Bond ETF by 7.6% in the 2nd quarter. Elmwood Wealth Management Inc. now owns 70,506 shares of the company’s stock worth $3,599,000 after buying an additional 4,996 shares during the period. Finally, Evanson Financial LLC purchased a new position in iShares Floating Rate Bond ETF in the 2nd quarter valued at approximately $311,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $50.93 on Monday. The company’s fifty day simple moving average is $50.98 and its two-hundred day simple moving average is $50.94. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 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.