Demars Financial Group LLC Lowers Stake in iShares Floating Rate Bond ETF $FLOT

Demars Financial Group LLC lessened its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 98.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 764,071 shares of the company’s stock after selling 38,711,405 shares during the period. iShares Floating Rate Bond ETF accounts for about 15.0% of Demars Financial Group LLC’s portfolio, making the stock its 2nd biggest position. Demars Financial Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $38,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of FLOT. Princeton Global Asset Management LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 2.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 61,558 shares of the company’s stock valued at $3,141,000 after acquiring an additional 1,689 shares in the last quarter. WBH Advisory Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 13.5% in the 2nd quarter. WBH Advisory Inc. now owns 23,614 shares of the company’s stock valued at $1,205,000 after purchasing an additional 2,802 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 2nd quarter valued at about $626,000. Ballast Inc. bought a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at about $1,168,000. Finally, International Assets Investment Management LLC increased its position in iShares Floating Rate Bond ETF by 5.4% in the 2nd quarter. International Assets Investment Management LLC now owns 21,585 shares of the company’s stock valued at $1,101,000 after buying an additional 1,114 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT opened at $50.96 on Monday. The stock has a 50 day moving average price of $50.97 and a two-hundred day moving average price of $50.89. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34.

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.