Schmidt P J Investment Management Inc. Makes New $562,000 Investment in iShares Floating Rate Bond ETF $FLOT

Schmidt P J Investment Management Inc. acquired a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,016 shares of the company’s stock, valued at approximately $562,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FLOT. Glenview Trust Co boosted its holdings in iShares Floating Rate Bond ETF by 3.4% in the third quarter. Glenview Trust Co now owns 3,253,697 shares of the company’s stock valued at $166,101,000 after acquiring an additional 107,720 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in iShares Floating Rate Bond ETF by 12.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,029,454 shares of the company’s stock worth $103,401,000 after purchasing an additional 230,814 shares during the period. Assetmark Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 2.4% during the first quarter. Assetmark Inc. now owns 1,965,478 shares of the company’s stock valued at $100,141,000 after purchasing an additional 46,823 shares during the period. Kensington Asset Management LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 39.9% during the first quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock valued at $77,685,000 after purchasing an additional 434,772 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of iShares Floating Rate Bond ETF by 1.3% during the 1st quarter. Cetera Investment Advisers now owns 1,086,284 shares of the company’s stock worth $55,346,000 after purchasing an additional 13,784 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

FLOT stock opened at $50.86 on Thursday. The company’s 50-day moving average is $50.96 and its 200-day moving average is $50.95. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.08.

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.