Brookstone Capital Management Cuts Stock Holdings in iShares Floating Rate Bond ETF $FLOT

Brookstone Capital Management trimmed its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 14.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,723 shares of the company’s stock after selling 10,129 shares during the period. Brookstone Capital Management’s holdings in iShares Floating Rate Bond ETF were worth $3,149,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Spire Wealth Management grew its stake in iShares Floating Rate Bond ETF by 13.0% during the first quarter. Spire Wealth Management now owns 1,880 shares of the company’s stock valued at $96,000 after acquiring an additional 217 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in iShares Floating Rate Bond ETF by 1.7% during the first quarter. Pinnacle Associates Ltd. now owns 15,061 shares of the company’s stock valued at $769,000 after acquiring an additional 251 shares in the last quarter. Cresset Asset Management LLC grew its stake in iShares Floating Rate Bond ETF by 0.6% during the first quarter. Cresset Asset Management LLC now owns 43,171 shares of the company’s stock valued at $2,204,000 after acquiring an additional 252 shares in the last quarter. Peddock Capital Advisors LLC grew its stake in shares of iShares Floating Rate Bond ETF by 6.7% in the 1st quarter. Peddock Capital Advisors LLC now owns 4,247 shares of the company’s stock worth $217,000 after buying an additional 267 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 0.8% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 37,319 shares of the company’s stock worth $1,905,000 after acquiring an additional 286 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

iShares Floating Rate Bond ETF stock opened at $51.03 on Friday. iShares Floating Rate Bond ETF has a 12-month low of $49.75 and a 12-month high of $51.34. The firm has a 50-day moving average price of $50.97 and a 200-day moving average price of $50.90.

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.