Disciplined Investments LLC Reduces Stock Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Disciplined Investments LLC cut its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 16.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,247 shares of the company’s stock after selling 2,275 shares during the period. Disciplined Investments LLC’s holdings in iShares Floating Rate Bond ETF were worth $574,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Demars Financial Group LLC increased its stake in shares of iShares Floating Rate Bond ETF by 5,019.0% during the 4th quarter. Demars Financial Group LLC now owns 38,039,428 shares of the company’s stock worth $1,935,446,000 after purchasing an additional 37,296,320 shares in the last quarter. Bank of America Corp DE increased its stake in shares of iShares Floating Rate Bond ETF by 3.9% during the 4th quarter. Bank of America Corp DE now owns 7,888,150 shares of the company’s stock worth $401,349,000 after purchasing an additional 295,184 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of iShares Floating Rate Bond ETF by 2,108.2% during the 4th quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock worth $231,716,000 after purchasing an additional 4,347,920 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares Floating Rate Bond ETF by 4.4% during the 4th quarter. LPL Financial LLC now owns 3,555,532 shares of the company’s stock worth $180,905,000 after purchasing an additional 149,228 shares in the last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of iShares Floating Rate Bond ETF by 12.8% during the 4th quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock worth $155,445,000 after purchasing an additional 347,836 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT opened at $50.84 on Friday. The firm has a 50 day simple moving average of $50.75 and a 200-day simple moving average of $50.89. iShares Floating Rate Bond ETF has a 1-year low of $49.75 and a 1-year high of $51.34.

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.