Hobbs Group Advisors LLC Sells 5,929 Shares of iShares Floating Rate Bond ETF $FLOT

Hobbs Group Advisors LLC cut its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 44.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,506 shares of the company’s stock after selling 5,929 shares during the period. Hobbs Group Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Tompkins Financial Corp bought a new position in shares of iShares Floating Rate Bond ETF in the second quarter worth about $25,000. NorthRock Partners LLC raised its stake in shares of iShares Floating Rate Bond ETF by 269.5% in the first quarter. NorthRock Partners LLC now owns 521 shares of the company’s stock worth $27,000 after acquiring an additional 380 shares during the last quarter. Asset Dedication LLC bought a new position in shares of iShares Floating Rate Bond ETF in the first quarter worth about $29,000. WASHINGTON TRUST Co raised its stake in shares of iShares Floating Rate Bond ETF by 242.6% in the first quarter. WASHINGTON TRUST Co now owns 692 shares of the company’s stock worth $35,000 after acquiring an additional 490 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in shares of iShares Floating Rate Bond ETF in the first quarter worth about $43,000.

iShares Floating Rate Bond ETF Stock Down 0.2%

Shares of BATS FLOT opened at $50.89 on Friday. iShares Floating Rate Bond ETF has a 1-year low of $49.75 and a 1-year high of $51.34. The company has a 50-day moving average of $50.96 and a two-hundred day moving average of $50.89.

iShares Floating Rate Bond ETF 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.