Ifrah Financial Services Inc. acquired a new position in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 172,636 shares of the company’s stock, valued at approximately $8,813,000. iShares Floating Rate Bond ETF makes up about 2.2% of Ifrah Financial Services Inc.’s investment portfolio, making the stock its 11th largest position.
Several other large investors have also modified their holdings of FLOT. Evolution Wealth Management Inc. acquired a new position in iShares Floating Rate Bond ETF in the 1st quarter valued at $25,000. Tompkins Financial Corp bought a new position in iShares Floating Rate Bond ETF in the 3rd quarter worth $25,000. Bayban acquired a new position in iShares Floating Rate Bond ETF during the 4th quarter worth $37,000. Global Assets Advisory LLC acquired a new position in iShares Floating Rate Bond ETF during the 1st quarter worth $75,000. Finally, Wellington Grp LLC acquired a new position in iShares Floating Rate Bond ETF during the 1st quarter worth $75,000.
iShares Floating Rate Bond ETF Stock Performance
FLOT stock opened at $50.95 on Wednesday. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week high of $51.08. The company has a 50-day moving average of $50.96 and a two-hundred day moving average of $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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