WorthPointe LLC Acquires New Holdings in iShares Floating Rate Bond ETF $FLOT

WorthPointe LLC purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the third quarter, HoldingsChannel reports. The firm purchased 12,777 shares of the company’s stock, valued at approximately $653,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC bought a new position in shares of iShares Floating Rate Bond ETF in the 2nd quarter worth about $61,900,000. Royal Bank of Canada raised its holdings in shares of iShares Floating Rate Bond ETF by 59.0% during the first quarter. Royal Bank of Canada now owns 2,351,795 shares of the company’s stock valued at $120,058,000 after purchasing an additional 872,352 shares during the period. Quadrature Capital Ltd boosted its holdings in iShares Floating Rate Bond ETF by 15,997.2% in the second quarter. Quadrature Capital Ltd now owns 654,191 shares of the company’s stock worth $33,374,000 after acquiring an additional 650,127 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at $24,254,000. Finally, Walker Financial Services Inc. bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter valued at $22,448,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT opened at $50.82 on Monday. iShares Floating Rate Bond ETF has a 1-year low of $49.75 and a 1-year high of $51.34. The company’s fifty day moving average price is $50.94 and its two-hundred 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.