Lane Brothers & Co. Inc. Takes $1.53 Million Position in iShares Floating Rate Bond ETF $FLOT

Lane Brothers & Co. Inc. purchased a new position in iShares Floating Rate Bond ETF (BATS:FLOT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,103 shares of the company’s stock, valued at approximately $1,531,000. iShares Floating Rate Bond ETF accounts for approximately 1.1% of Lane Brothers & Co. Inc.’s investment portfolio, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Focus Partners Wealth boosted its position in iShares Floating Rate Bond ETF by 8.9% during the 1st quarter. Focus Partners Wealth now owns 13,287 shares of the company’s stock valued at $678,000 after acquiring an additional 1,088 shares in the last quarter. Diversify Wealth Management LLC raised its position in shares of iShares Floating Rate Bond ETF by 70.3% in the 2nd quarter. Diversify Wealth Management LLC now owns 11,891 shares of the company’s stock worth $606,000 after acquiring an additional 4,907 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 5.8% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 53,539 shares of the company’s stock worth $2,732,000 after purchasing an additional 2,934 shares during the last quarter. Raymond James Financial Inc. boosted its position in iShares Floating Rate Bond ETF by 13.7% during the second quarter. Raymond James Financial Inc. now owns 1,124,339 shares of the company’s stock valued at $57,364,000 after purchasing an additional 135,488 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in iShares Floating Rate Bond ETF by 30.6% in the second quarter. Ausdal Financial Partners Inc. now owns 22,304 shares of the company’s stock valued at $1,138,000 after purchasing an additional 5,231 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of iShares Floating Rate Bond ETF stock opened at $51.00 on Friday. The company has a 50-day simple moving average of $50.95 and a two-hundred day simple moving average of $50.92. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.09.

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.