TFC Financial Management Inc. bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 792 shares of the company’s stock, valued at approximately $40,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Tompkins Financial Corp purchased a new stake in shares of iShares Floating Rate Bond ETF in the second quarter valued at about $25,000. NorthRock Partners LLC boosted its holdings 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 valued at $27,000 after acquiring an additional 380 shares in the last quarter. Asset Dedication LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the first quarter valued at about $29,000. WASHINGTON TRUST Co boosted its holdings 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 valued at $35,000 after acquiring an additional 490 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the first quarter valued at about $43,000.
iShares Floating Rate Bond ETF Stock Down 0.1%
Shares of BATS:FLOT opened at $50.92 on Friday. The firm’s 50-day simple moving average is $50.97 and its 200-day simple moving average is $50.89. iShares Floating Rate Bond ETF has a fifty-two week low of $49.75 and a fifty-two week high of $51.34.
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.
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