CVS HEALTH Corp acquired a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 150,000 shares of the company’s stock, valued at approximately $7,658,000. iShares Floating Rate Bond ETF accounts for approximately 1.8% of CVS HEALTH Corp’s investment portfolio, making the stock its 15th biggest position.
A number of other institutional investors also recently added to or reduced their stakes in FLOT. New York Life Investment Management LLC purchased a new position in iShares Floating Rate Bond ETF in the third quarter valued at about $181,982,000. Glenview Trust Co raised its holdings in iShares Floating Rate Bond ETF by 3.4% in the third quarter. Glenview Trust Co now owns 3,253,697 shares of the company’s stock worth $166,101,000 after purchasing an additional 107,720 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in iShares Floating Rate Bond ETF by 12.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,029,454 shares of the company’s stock worth $103,401,000 after purchasing an additional 230,814 shares in the last quarter. Assetmark Inc. lifted its position in shares of iShares Floating Rate Bond ETF by 2.4% during the first quarter. Assetmark Inc. now owns 1,965,478 shares of the company’s stock valued at $100,141,000 after buying an additional 46,823 shares during the last quarter. Finally, Kensington Asset Management LLC lifted its position in shares of iShares Floating Rate Bond ETF by 39.9% during the first quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock valued at $77,685,000 after buying an additional 434,772 shares during the last quarter.
iShares Floating Rate Bond ETF Stock Performance
BATS:FLOT opened at $50.90 on Thursday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.08. The company’s 50-day simple moving average is $50.95 and its 200-day simple moving average 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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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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