Demars Financial Group LLC grew its position in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 877,644 shares of the company’s stock after purchasing an additional 36,592 shares during the period. iShares Floating Rate Bond ETF makes up approximately 11.7% of Demars Financial Group LLC’s holdings, making the stock its 3rd largest holding. Demars Financial Group LLC owned approximately 0.50% of iShares Floating Rate Bond ETF worth $44,804,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of FLOT. Evolution Wealth Management Inc. acquired a new stake in iShares Floating Rate Bond ETF during the 1st quarter worth approximately $25,000. Tompkins Financial Corp purchased a new position in iShares Floating Rate Bond ETF in the third quarter valued at approximately $25,000. NFSG Corp purchased a new position in iShares Floating Rate Bond ETF in the third quarter valued at approximately $50,000. Global Assets Advisory LLC acquired a new position in iShares Floating Rate Bond ETF during the first quarter valued at approximately $75,000. Finally, Wellington Grp LLC acquired a new position in iShares Floating Rate Bond ETF during the first quarter valued at approximately $75,000.
iShares Floating Rate Bond ETF Stock Performance
FLOT opened at $51.00 on Friday. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week high of $51.08. The company has a 50 day moving average of $50.97 and a two-hundred day moving average of $50.96.
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.
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