iShares Floating Rate Bond ETF (BATS:FLOT) Share Price Cross Below Two Hundred Day Moving Average – Should You Sell?

iShares Floating Rate Bond ETF (BATS:FLOT)’s share price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $50.95 and traded as low as $50.82. iShares Floating Rate Bond ETF shares last traded at $50.84, with a volume of 2,535,490 shares changing hands.

iShares Floating Rate Bond ETF Stock Up 0.0%

The firm’s 50-day moving average is $50.96 and its two-hundred day moving average is $50.95.

Institutional Investors Weigh In On iShares Floating Rate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC bought a new position in shares of iShares Floating Rate Bond ETF during the second quarter worth about $8,303,000. Private Client Services LLC bought a new stake in iShares Floating Rate Bond ETF in the 3rd quarter valued at approximately $677,000. Compass Financial Management LLC bought a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at approximately $5,930,000. Paces Ferry Wealth Advisors LLC lifted its stake in iShares Floating Rate Bond ETF by 6.9% in the 1st quarter. Paces Ferry Wealth Advisors LLC now owns 162,791 shares of the company’s stock valued at $8,294,000 after acquiring an additional 10,457 shares in the last quarter. Finally, Vertrix Wealth Management LLC acquired a new position in iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $11,888,000.

iShares Floating Rate Bond ETF Company 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.