Virtus Fixed Income Advisers LLC Purchases Shares of 22,500 iShares Floating Rate Bond ETF $FLOT

Virtus Fixed Income Advisers LLC acquired a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the second quarter, HoldingsChannel reports. The fund acquired 22,500 shares of the company’s stock, valued at approximately $1,148,000. iShares Floating Rate Bond ETF makes up about 1.0% of Virtus Fixed Income Advisers LLC’s investment portfolio, making the stock its 9th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLOT. Ameriprise Financial Inc. grew its position in iShares Floating Rate Bond ETF by 143.4% during the first quarter. Ameriprise Financial Inc. now owns 2,611,975 shares of the company’s stock valued at $133,006,000 after acquiring an additional 1,538,926 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 2nd quarter valued at about $61,900,000. Royal Bank of Canada grew its holdings in shares of iShares Floating Rate Bond ETF by 59.0% during the 1st quarter. Royal Bank of Canada now owns 2,351,795 shares of the company’s stock worth $120,058,000 after purchasing an additional 872,352 shares during the period. Quadrature Capital Ltd grew its holdings in shares of iShares Floating Rate Bond ETF by 15,997.2% during the 2nd quarter. Quadrature Capital Ltd now owns 654,191 shares of the company’s stock worth $33,374,000 after purchasing an additional 650,127 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $24,254,000.

iShares Floating Rate Bond ETF Stock Performance

BATS FLOT opened at $50.87 on Wednesday. iShares Floating Rate Bond ETF has a one year low of $49.75 and a one year high of $51.34. The company’s 50 day moving average price is $50.97 and its 200 day moving average price is $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.