Sax Wealth Advisors LLC Increases Holdings in iShares Floating Rate Bond ETF $FLOT

Sax Wealth Advisors LLC grew its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 73.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,667 shares of the company’s stock after buying an additional 56,207 shares during the quarter. Sax Wealth Advisors LLC owned 0.08% of iShares Floating Rate Bond ETF worth $6,773,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Cunning Capital Partners LP raised its position in shares of iShares Floating Rate Bond ETF by 22.0% during the 1st quarter. Cunning Capital Partners LP now owns 50,000 shares of the company’s stock valued at $2,553,000 after buying an additional 9,000 shares in the last quarter. Compound Planning Inc. raised its position in shares of iShares Floating Rate Bond ETF by 6.5% during the 1st quarter. Compound Planning Inc. now owns 119,233 shares of the company’s stock valued at $6,087,000 after buying an additional 7,280 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares Floating Rate Bond ETF by 143.4% during the 1st quarter. Ameriprise Financial Inc. now owns 2,611,975 shares of the company’s stock valued at $133,006,000 after buying an additional 1,538,926 shares in the last quarter. Mosaic Financial Group LLC raised its position in shares of iShares Floating Rate Bond ETF by 8.8% during the 1st quarter. Mosaic Financial Group LLC now owns 15,705 shares of the company’s stock valued at $802,000 after buying an additional 1,273 shares in the last quarter. Finally, Lionsbridge Wealth Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the 1st quarter valued at about $213,000.

iShares Floating Rate Bond ETF Price Performance

iShares Floating Rate Bond ETF stock opened at $51.0530 on Friday. iShares Floating Rate Bond ETF has a 1-year low of $49.75 and a 1-year high of $51.34. The company’s 50-day moving average is $50.96 and its 200 day moving average is $50.89.

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.