Hobbs Group Advisors LLC Sells 5,929 Shares of iShares Floating Rate Bond ETF $FLOT

Hobbs Group Advisors LLC cut its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 44.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,506 shares of the company’s stock after selling 5,929 shares during the period. Hobbs Group Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $383,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FLOT. Focus Financial Network Inc. boosted its holdings in iShares Floating Rate Bond ETF by 23.9% in the 1st quarter. Focus Financial Network Inc. now owns 8,929 shares of the company’s stock valued at $456,000 after purchasing an additional 1,720 shares during the period. Fifth Third Bancorp lifted its holdings in shares of iShares Floating Rate Bond ETF by 165.9% during the 1st quarter. Fifth Third Bancorp now owns 2,119 shares of the company’s stock worth $108,000 after acquiring an additional 1,322 shares during the period. Powers Advisory Group LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 228.2% during the 1st quarter. Powers Advisory Group LLC now owns 31,282 shares of the company’s stock worth $1,597,000 after acquiring an additional 21,750 shares during the period. Capital Investment Services of America Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF by 2.2% during the 1st quarter. Capital Investment Services of America Inc. now owns 17,842 shares of the company’s stock worth $911,000 after acquiring an additional 392 shares during the period. Finally, Dohj LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 9.6% during the 1st quarter. Dohj LLC now owns 63,291 shares of the company’s stock worth $3,231,000 after acquiring an additional 5,529 shares during the period.

iShares Floating Rate Bond ETF Stock Down 0.2%

BATS:FLOT opened at $50.89 on Friday. The company has a 50-day moving average of $50.96 and a 200-day moving average of $50.89. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34.

About iShares Floating Rate Bond ETF

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.