Royal Bank of Canada trimmed its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 12.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,762,875 shares of the company’s stock after selling 247,986 shares during the period. Royal Bank of Canada owned approximately 1.01% of iShares Floating Rate Bond ETF worth $89,817,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new position in iShares Floating Rate Bond ETF in the 1st quarter valued at about $47,775,000. Cardiff Park Advisors LLC increased its position in shares of iShares Floating Rate Bond ETF by 9.5% during the first quarter. Cardiff Park Advisors LLC now owns 13,864 shares of the company’s stock worth $706,000 after acquiring an additional 1,204 shares during the last quarter. Gateway Wealth Partners LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 195.7% in the first quarter. Gateway Wealth Partners LLC now owns 21,520 shares of the company’s stock worth $1,096,000 after acquiring an additional 14,242 shares in the last quarter. Everest Financial Group LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the first quarter worth about $5,505,000. Finally, GC Wealth Management RIA LLC purchased a new position in iShares Floating Rate Bond ETF in the first quarter valued at about $212,000.
iShares Floating Rate Bond ETF Stock Performance
Shares of BATS FLOT opened at $51.06 on Friday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09. The business has a 50 day moving average price of $50.99 and a two-hundred day moving average price of $50.94.
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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