International Assets Investment Management LLC increased its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 63.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 59,256 shares of the company’s stock after buying an additional 22,919 shares during the quarter. International Assets Investment Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $3,005,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in FLOT. Evolution Wealth Management Inc. acquired a new stake in shares of iShares Floating Rate Bond ETF in the first quarter valued at approximately $25,000. Cornerstone Financial Management LLC purchased a new stake in iShares Floating Rate Bond ETF in the 4th quarter valued at $30,000. Quarry LP acquired a new position in iShares Floating Rate Bond ETF in the fourth quarter valued at $36,000. Tucker Asset Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at about $37,000. Finally, Bayban acquired a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth about $37,000.
iShares Floating Rate Bond ETF Stock Performance
Shares of BATS FLOT traded up $0.01 during midday trading on Friday, reaching $50.98. 1,248,634 shares of the company were exchanged, compared to its average volume of 1,790,306. The stock has a fifty day simple moving average of $50.97 and a 200 day simple moving average of $50.93. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.09.
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.
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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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