The Manufacturers Life Insurance Company bought a new position in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 937,692 shares of the company’s stock, valued at approximately $47,775,000.
Several other hedge funds and other institutional investors have also bought and sold shares of FLOT. L.K. Benson & Company P.C. boosted its stake 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 purchasing an additional 204 shares in the last quarter. Donor Advised Charitable Giving Inc. raised its position in iShares Floating Rate Bond ETF by 1.6% in the 4th quarter. Donor Advised Charitable Giving Inc. now owns 14,388 shares of the company’s stock worth $732,000 after purchasing an additional 226 shares during the period. Glen Eagle Advisors LLC raised its position in iShares Floating Rate Bond ETF by 6.6% in the 4th quarter. Glen Eagle Advisors LLC now owns 3,852 shares of the company’s stock worth $196,000 after purchasing an additional 237 shares during the period. North Star Investment Management Corp. lifted its stake 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 worth $88,000 after purchasing an additional 271 shares during the last quarter. Finally, Ascent Group LLC lifted its stake 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 worth $288,000 after purchasing an additional 272 shares during the last quarter.
iShares Floating Rate Bond ETF Stock Performance
BATS FLOT opened at $51.07 on Friday. The company has a 50-day simple moving average of $50.99 and a two-hundred day simple moving average of $50.94. iShares Floating Rate Bond ETF has a 12-month low of $50.67 and a 12-month 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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