CVS HEALTH Corp Makes New $7.66 Million Investment in iShares Floating Rate Bond ETF $FLOT

CVS HEALTH Corp purchased a new position in iShares Floating Rate Bond ETF (BATS:FLOT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 150,000 shares of the company’s stock, valued at approximately $7,658,000. iShares Floating Rate Bond ETF comprises 1.8% of CVS HEALTH Corp’s investment portfolio, making the stock its 15th largest position. CVS HEALTH Corp owned about 0.09% of iShares Floating Rate Bond ETF at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. New York Life Investment Management LLC bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter valued at about $181,982,000. Glenview Trust Co grew its stake in iShares Floating Rate Bond ETF by 3.4% in the 3rd quarter. Glenview Trust Co now owns 3,253,697 shares of the company’s stock worth $166,101,000 after acquiring an additional 107,720 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in iShares Floating Rate Bond ETF by 12.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,029,454 shares of the company’s stock worth $103,401,000 after acquiring an additional 230,814 shares in the last quarter. Assetmark Inc. increased its position 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 worth $100,141,000 after acquiring an additional 46,823 shares during the period. Finally, Kensington Asset Management LLC increased its position 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 worth $77,685,000 after acquiring an additional 434,772 shares during the period.

iShares Floating Rate Bond ETF Stock Up 0.1%

iShares Floating Rate Bond ETF stock opened at $50.90 on Thursday. The company has a 50 day moving average price of $50.95 and a 200-day moving average price of $50.95. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week 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.