LPL Financial LLC Has $211.92 Million Stake in iShares Floating Rate Bond ETF $FLOT

LPL Financial LLC decreased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 8.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,166,797 shares of the company’s stock after selling 407,024 shares during the period. LPL Financial LLC’s holdings in iShares Floating Rate Bond ETF were worth $211,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE grew its position in shares of iShares Floating Rate Bond ETF by 0.6% in the third quarter. Bank of America Corp DE now owns 8,849,172 shares of the company’s stock valued at $452,060,000 after purchasing an additional 49,559 shares during the last quarter. Northern Trust Corp grew its position in iShares Floating Rate Bond ETF by 8.9% during the third quarter. Northern Trust Corp now owns 5,021,597 shares of the company’s stock worth $256,528,000 after buying an additional 408,643 shares in the last quarter. New York Life Investment Management LLC grew its position in iShares Floating Rate Bond ETF by 1.8% during the fourth quarter. New York Life Investment Management LLC now owns 3,133,476 shares of the company’s stock worth $159,369,000 after buying an additional 55,725 shares in the last quarter. Franklin Resources Inc. grew its position in iShares Floating Rate Bond ETF by 2.2% during the fourth quarter. Franklin Resources Inc. now owns 3,046,357 shares of the company’s stock worth $154,938,000 after buying an additional 66,182 shares in the last quarter. Finally, Glenview Trust Co grew its position in iShares Floating Rate Bond ETF by 5.7% during the fourth quarter. Glenview Trust Co now owns 2,913,609 shares of the company’s stock worth $148,186,000 after buying an additional 156,189 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $50.95 on Wednesday. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.09. The business’s 50 day simple moving average is $50.92 and its 200 day simple moving average is $50.92.

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.