Lane Brothers & Co. Inc. Invests $1.53 Million in iShares Floating Rate Bond ETF $FLOT

Lane Brothers & Co. Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 30,103 shares of the company’s stock, valued at approximately $1,531,000. iShares Floating Rate Bond ETF accounts for about 1.1% of Lane Brothers & Co. Inc.’s investment portfolio, making the stock its 24th biggest position.

A number of other institutional investors have also recently made changes to their positions in the business. Cornerstone Financial Management LLC purchased a new position in iShares Floating Rate Bond ETF during the 4th quarter worth $30,000. Quarry LP acquired a new position in iShares Floating Rate Bond ETF during the 4th quarter valued at about $36,000. Tucker Asset Management LLC purchased a new stake in iShares Floating Rate Bond ETF in the fourth quarter valued at about $37,000. Bayban purchased a new stake in iShares Floating Rate Bond ETF in the fourth quarter valued at about $37,000. Finally, Lavaca Capital LLC acquired a new stake in iShares Floating Rate Bond ETF in the fourth quarter worth about $57,000.

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iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock opened at $51.00 on Friday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09. The stock’s 50-day simple moving average is $50.95 and its 200-day simple moving average is $50.92.

iShares Floating Rate Bond ETF Profile

(Free Report)

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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Want to see what other hedge funds are holding FLOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Floating Rate Bond ETF (BATS:FLOT – Free Report).

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