Summit Portfolio Management LTD. acquired a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 222,056 shares of the company’s stock, valued at approximately $11,314,000. iShares Floating Rate Bond ETF comprises 7.3% of Summit Portfolio Management LTD.’s holdings, making the stock its 5th largest position.
A number of other institutional investors have also modified their holdings of FLOT. L.K. Benson & Company P.C. lifted its holdings in shares of iShares Floating Rate Bond ETF by 1.3% in the 4th quarter. L.K. Benson & Company P.C. now owns 16,185 shares of the company’s stock valued at $823,000 after buying an additional 204 shares during the period. Donor Advised Charitable Giving Inc. raised its position in iShares Floating Rate Bond ETF by 1.6% during the fourth quarter. Donor Advised Charitable Giving Inc. now owns 14,388 shares of the company’s stock valued at $732,000 after acquiring an additional 226 shares in the last quarter. Glen Eagle Advisors LLC raised its position in iShares Floating Rate Bond ETF by 6.6% during the fourth quarter. Glen Eagle Advisors LLC now owns 3,852 shares of the company’s stock valued at $196,000 after acquiring an additional 237 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in iShares Floating Rate Bond ETF by 18.6% in the fourth quarter. North Star Investment Management Corp. now owns 1,731 shares of the company’s stock valued at $88,000 after acquiring an additional 271 shares during the period. Finally, Ascent Group LLC lifted its holdings in iShares Floating Rate Bond ETF by 5.0% in the fourth quarter. Ascent Group LLC now owns 5,660 shares of the company’s stock valued at $288,000 after acquiring an additional 272 shares during the period.
iShares Floating Rate Bond ETF Stock Performance
iShares Floating Rate Bond ETF stock opened at $50.95 on Thursday. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month high of $51.09. The stock’s 50 day simple moving average is $50.97 and its two-hundred day simple moving average is $50.93.
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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