Demars Financial Group LLC lifted its stake in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 4.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 877,644 shares of the company’s stock after acquiring an additional 36,592 shares during the quarter. iShares Floating Rate Bond ETF comprises approximately 11.7% of Demars Financial Group LLC’s portfolio, making the stock its 3rd largest position. Demars Financial Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $44,804,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. Glenview Trust Co grew its stake in shares of iShares Floating Rate Bond ETF by 7.4% in the first quarter. Glenview Trust Co now owns 3,130,128 shares of the company’s stock valued at $159,480,000 after buying an additional 216,519 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 12.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,029,454 shares of the company’s stock valued at $103,401,000 after buying an additional 230,814 shares during the period. Assetmark Inc. lifted its position in iShares Floating Rate Bond ETF by 2.4% during the 1st quarter. Assetmark Inc. now owns 1,965,478 shares of the company’s stock worth $100,141,000 after acquiring an additional 46,823 shares in the last quarter. Kensington Asset Management LLC lifted its position in iShares Floating Rate Bond ETF by 39.9% during the 1st quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock worth $77,685,000 after acquiring an additional 434,772 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in iShares Floating Rate Bond ETF by 1.3% during the 1st quarter. Cetera Investment Advisers now owns 1,086,284 shares of the company’s stock worth $55,346,000 after acquiring an additional 13,784 shares in the last quarter.
iShares Floating Rate Bond ETF Stock Performance
BATS FLOT opened at $51.00 on Friday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.08. The business has a 50 day moving average price of $50.97 and a two-hundred day moving average price of $50.96.
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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