Vertrix Wealth Management LLC bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 232,862 shares of the company’s stock, valued at approximately $11,888,000. iShares Floating Rate Bond ETF accounts for about 4.0% of Vertrix Wealth Management LLC’s portfolio, making the stock its 5th largest position. Vertrix Wealth Management LLC owned approximately 0.13% of iShares Floating Rate Bond ETF as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Focus Partners Wealth increased its holdings in shares of iShares Floating Rate Bond ETF by 8.9% in the first quarter. Focus Partners Wealth now owns 13,287 shares of the company’s stock worth $678,000 after purchasing an additional 1,088 shares during the period. Diversify Wealth Management LLC boosted its stake in iShares Floating Rate Bond ETF by 70.3% during the second quarter. Diversify Wealth Management LLC now owns 11,891 shares of the company’s stock valued at $606,000 after buying an additional 4,907 shares during the period. Transamerica Financial Advisors LLC boosted its stake in iShares Floating Rate Bond ETF by 5.8% during the second quarter. Transamerica Financial Advisors LLC now owns 53,539 shares of the company’s stock valued at $2,732,000 after buying an additional 2,934 shares during the period. Raymond James Financial Inc. grew its position in iShares Floating Rate Bond ETF by 13.7% during the second quarter. Raymond James Financial Inc. now owns 1,124,339 shares of the company’s stock worth $57,364,000 after buying an additional 135,488 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its position in iShares Floating Rate Bond ETF by 30.6% during the second quarter. Ausdal Financial Partners Inc. now owns 22,304 shares of the company’s stock worth $1,138,000 after buying an additional 5,231 shares in the last quarter.
iShares Floating Rate Bond ETF Stock Performance
Shares of BATS FLOT opened at $50.93 on Monday. The stock’s 50-day simple moving average is $50.98 and its two-hundred day simple moving average is $50.94. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month high of $51.09.
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.
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