Citadel Advisors LLC Takes $8.30 Million Position in iShares Floating Rate Bond ETF $FLOT

Citadel Advisors LLC acquired a new position in iShares Floating Rate Bond ETF (BATS:FLOT) during the second quarter, Holdings Channel.com reports. The firm acquired 162,640 shares of the company’s stock, valued at approximately $8,303,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of iShares Floating Rate Bond ETF by 0.6% during the third quarter. Bank of America Corp DE now owns 8,849,172 shares of the company’s stock worth $452,060,000 after purchasing an additional 49,559 shares during the last quarter. Morgan Stanley boosted its holdings in iShares Floating Rate Bond ETF by 1.2% in the fourth quarter. Morgan Stanley now owns 6,136,314 shares of the company’s stock valued at $312,093,000 after purchasing an additional 71,189 shares during the last quarter. Northern Trust Corp boosted its holdings in iShares Floating Rate Bond ETF by 8.6% in the fourth quarter. Northern Trust Corp now owns 5,453,861 shares of the company’s stock valued at $277,383,000 after purchasing an additional 432,264 shares during the last quarter. Wells Fargo & Company MN grew its position in iShares Floating Rate Bond ETF by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,254,227 shares of the company’s stock worth $165,510,000 after purchasing an additional 31,384 shares during the period. Finally, New York Life Investment Management LLC grew its position in iShares Floating Rate Bond ETF by 1.8% during the 4th quarter. New York Life Investment Management LLC now owns 3,133,476 shares of the company’s stock worth $159,369,000 after purchasing an additional 55,725 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

BATS FLOT opened at $50.90 on Tuesday. The stock has a 50-day simple moving average of $50.97 and a two-hundred day simple moving average of $50.94. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week 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.