iShares Floating Rate Bond ETF $FLOT Position Boosted by State Farm Mutual Automobile Insurance Co.

State Farm Mutual Automobile Insurance Co. raised its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 51.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,555 shares of the company’s stock after acquiring an additional 35,965 shares during the quarter. State Farm Mutual Automobile Insurance Co. owned approximately 0.06% of iShares Floating Rate Bond ETF worth $5,369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FLOT. Financial Sense Advisors Inc. grew its stake in iShares Floating Rate Bond ETF by 772.5% during the 3rd quarter. Financial Sense Advisors Inc. now owns 707,462 shares of the company’s stock valued at $36,141,000 after acquiring an additional 626,378 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 24.6% during the 3rd quarter. New York Life Investment Management LLC now owns 3,077,751 shares of the company’s stock valued at $157,227,000 after buying an additional 607,046 shares during the last quarter. New England Private Wealth Advisors LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 1,456.2% during the 4th quarter. New England Private Wealth Advisors LLC now owns 510,009 shares of the company’s stock valued at $25,952,000 after buying an additional 477,237 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of iShares Floating Rate Bond ETF by 8.9% during the 3rd quarter. Northern Trust Corp now owns 5,021,597 shares of the company’s stock valued at $256,528,000 after buying an additional 408,643 shares during the last quarter. Finally, Milestone Asset Management LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 2,121.5% during the 4th quarter. Milestone Asset Management LLC now owns 367,231 shares of the company’s stock valued at $18,677,000 after buying an additional 350,700 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of iShares Floating Rate Bond ETF stock opened at $50.93 on Tuesday. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week high of $51.09. The stock has a 50-day simple moving average of $50.92 and a 200-day simple moving average of $50.92.

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.