iShares Floating Rate Bond ETF $FLOT Shares Newly Purchased by Towercrest Capital Management

Towercrest Capital Management acquired a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 555,868 shares of the company’s stock, valued at approximately $28,377,000. iShares Floating Rate Bond ETF accounts for 4.0% of Towercrest Capital Management’s investment portfolio, making the stock its 7th largest holding. Towercrest Capital Management owned approximately 0.32% of iShares Floating Rate Bond ETF as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Glenview Trust Co increased its holdings in iShares Floating Rate Bond ETF by 7.4% in the first quarter. Glenview Trust Co now owns 3,130,128 shares of the company’s stock valued at $159,480,000 after buying an additional 216,519 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of iShares Floating Rate Bond ETF by 12.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,029,454 shares of the company’s stock valued at $103,401,000 after acquiring an additional 230,814 shares during the period. Assetmark Inc. boosted its stake in shares of iShares Floating Rate Bond ETF by 2.4% during the 1st quarter. Assetmark Inc. now owns 1,965,478 shares of the company’s stock worth $100,141,000 after acquiring an additional 46,823 shares in the last quarter. Kensington Asset Management LLC boosted its stake in shares of iShares Floating Rate Bond ETF by 39.9% during the 1st quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock worth $77,685,000 after acquiring an additional 434,772 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of iShares Floating Rate Bond ETF by 1.3% in the 1st quarter. Cetera Investment Advisers now owns 1,086,284 shares of the company’s stock worth $55,346,000 after acquiring an additional 13,784 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT traded down $0.03 on Friday, reaching $50.97. The stock had a trading volume of 2,069,355 shares, compared to its average volume of 1,915,514. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month high of $51.08. The firm has a 50-day moving average of $50.97 and a 200 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.