Towercrest Capital Management bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 555,868 shares of the company’s stock, valued at approximately $28,377,000. iShares Floating Rate Bond ETF comprises 4.0% of Towercrest Capital Management’s portfolio, making the stock its 7th largest holding.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FLOT. James Investment Research Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 10.5% during the 3rd quarter. James Investment Research Inc. now owns 207,783 shares of the company’s stock worth $10,607,000 after purchasing an additional 19,815 shares in the last quarter. Andrew Hill Investment Advisors Inc. lifted its stake in iShares Floating Rate Bond ETF by 59.5% in the 3rd quarter. Andrew Hill Investment Advisors Inc. now owns 30,537 shares of the company’s stock valued at $1,559,000 after buying an additional 11,396 shares in the last quarter. Demars Financial Group LLC lifted its stake in iShares Floating Rate Bond ETF by 4.4% in the 3rd quarter. Demars Financial Group LLC now owns 877,644 shares of the company’s stock valued at $44,804,000 after buying an additional 36,592 shares in the last quarter. Monetary Solutions Ltd lifted its stake in iShares Floating Rate Bond ETF by 7.0% in the 3rd quarter. Monetary Solutions Ltd now owns 163,320 shares of the company’s stock valued at $8,338,000 after buying an additional 10,740 shares in the last quarter. Finally, Royal Fund Management LLC lifted its stake in iShares Floating Rate Bond ETF by 15.4% in the 3rd quarter. Royal Fund Management LLC now owns 33,319 shares of the company’s stock valued at $1,701,000 after buying an additional 4,448 shares in the last quarter.
iShares Floating Rate Bond ETF Price Performance
BATS:FLOT traded down $0.03 during trading hours on Friday, reaching $50.97. 2,069,355 shares of the company traded hands, compared to its average volume of 1,915,514. The firm’s 50-day moving average is $50.97 and its 200-day moving average is $50.96. iShares Floating Rate Bond ETF has a 1-year low of $50.67 and a 1-year high of $51.08.
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.
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