Hohimer Wealth Management LLC increased its position in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 63.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 308,978 shares of the company’s stock after acquiring an additional 120,400 shares during the period. iShares Floating Rate Bond ETF comprises approximately 1.2% of Hohimer Wealth Management LLC’s holdings, making the stock its 11th largest position. Hohimer Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $15,773,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in FLOT. Tompkins Financial Corp bought a new position in iShares Floating Rate Bond ETF in the 3rd quarter valued at approximately $25,000. NFSG Corp bought a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter worth $50,000. Global Assets Advisory LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter worth $75,000. Wellington Grp LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the first quarter worth $75,000. Finally, Coastline Trust Co purchased a new position in shares of iShares Floating Rate Bond ETF in the third quarter worth $81,000.
iShares Floating Rate Bond ETF Price Performance
Shares of BATS:FLOT opened at $50.84 on Monday. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.08. The stock’s fifty day moving average price is $50.95 and its 200-day moving average price is $50.95.
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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