66,309 iShares Floating Rate Bond ETF $FLOT Shares Bought by RDA Financial Network

RDA Financial Network raised its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 339.9% in the third quarter, Holdings Channel.com reports. The firm owned 85,820 shares of the company’s stock after buying an additional 66,309 shares during the period. iShares Floating Rate Bond ETF comprises approximately 0.9% of RDA Financial Network’s investment portfolio, making the stock its 26th biggest holding. RDA Financial Network’s holdings in iShares Floating Rate Bond ETF were worth $4,381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLOT. PFG Private Wealth Management LLC bought a new position in shares of iShares Floating Rate Bond ETF in the third quarter valued at approximately $14,108,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of iShares Floating Rate Bond ETF during the third quarter valued at approximately $262,000. B.A. Schrock Wealth Management Inc. purchased a new position in shares of iShares Floating Rate Bond ETF during the third quarter valued at approximately $7,181,000. First Pacific Financial purchased a new position in shares of iShares Floating Rate Bond ETF during the third quarter valued at approximately $996,000. Finally, Elmwood Wealth Management Inc. grew its holdings in iShares Floating Rate Bond ETF by 4.6% during the third quarter. Elmwood Wealth Management Inc. now owns 73,777 shares of the company’s stock worth $3,766,000 after buying an additional 3,271 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0%

iShares Floating Rate Bond ETF stock traded up $0.01 during trading on Thursday, hitting $50.95. 1,653,026 shares of the company were exchanged, compared to its average volume of 1,911,089. The business’s 50 day moving average is $50.96 and its 200 day moving average is $50.95. iShares Floating Rate Bond ETF has a 52 week low of $50.67 and a 52 week high of $51.08.

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.