Trek Financial LLC lowered its holdings in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 59.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,710 shares of the company’s stock after selling 14,329 shares during the quarter. Trek Financial LLC’s holdings in iShares Floating Rate Bond ETF were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. The Manufacturers Life Insurance Company bought a new stake in iShares Floating Rate Bond ETF in the 1st quarter worth about $47,775,000. RMG Wealth Management LLC bought a new position in iShares Floating Rate Bond ETF during the 1st quarter valued at about $30,601,000. Alpine Bank Wealth Management boosted its holdings in shares of iShares Floating Rate Bond ETF by 631.2% during the 3rd quarter. Alpine Bank Wealth Management now owns 684,450 shares of the company’s stock valued at $34,941,000 after acquiring an additional 590,842 shares during the last quarter. Towercrest Capital Management purchased a new stake in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at about $28,377,000. Finally, LaFleur & Godfrey LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the third quarter worth approximately $25,009,000.
iShares Floating Rate Bond ETF Stock Performance
Shares of FLOT stock opened at $50.84 on Wednesday. The company has a 50 day moving average price of $50.96 and a 200-day moving average price of $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.
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