L.K. Benson & Company P.C. Sells 309 Shares of iShares Floating Rate Bond ETF $FLOT

L.K. Benson & Company P.C. reduced its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,785 shares of the company’s stock after selling 309 shares during the quarter. L.K. Benson & Company P.C.’s holdings in iShares Floating Rate Bond ETF were worth $805,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FLOT. Tompkins Financial Corp bought a new stake in iShares Floating Rate Bond ETF in the second quarter valued at approximately $25,000. NorthRock Partners LLC boosted its holdings in iShares Floating Rate Bond ETF by 269.5% in the first quarter. NorthRock Partners LLC now owns 521 shares of the company’s stock valued at $27,000 after acquiring an additional 380 shares during the last quarter. Asset Dedication LLC bought a new stake in iShares Floating Rate Bond ETF in the first quarter valued at approximately $29,000. WASHINGTON TRUST Co boosted its holdings in iShares Floating Rate Bond ETF by 242.6% in the first quarter. WASHINGTON TRUST Co now owns 692 shares of the company’s stock valued at $35,000 after acquiring an additional 490 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in iShares Floating Rate Bond ETF in the first quarter valued at approximately $43,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT opened at $50.95 on Thursday. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34. The business’s 50 day moving average price is $50.97 and its two-hundred day moving average price is $50.89.

iShares Floating Rate Bond ETF Company 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.