Sax Wealth Advisors LLC Has $5.56 Million Holdings in iShares Floating Rate Bond ETF $FLOT

Sax Wealth Advisors LLC lessened its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 11.9% during the third quarter, HoldingsChannel.com reports. The firm owned 108,855 shares of the company’s stock after selling 14,671 shares during the period. Sax Wealth Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $5,561,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake 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 buying an additional 872,352 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in iShares Floating Rate Bond ETF by 201.7% during the first quarter. Focus Partners Advisor Solutions LLC now owns 15,408 shares of the company’s stock worth $787,000 after acquiring an additional 10,301 shares in the last quarter. 1 North Wealth Services LLC boosted its position in iShares Floating Rate Bond ETF by 10.9% during the first quarter. 1 North Wealth Services LLC now owns 27,659 shares of the company’s stock valued at $1,412,000 after purchasing an additional 2,724 shares during the last quarter. Ancora Advisors LLC grew its stake in iShares Floating Rate Bond ETF by 29.4% in the first quarter. Ancora Advisors LLC now owns 4,661 shares of the company’s stock valued at $238,000 after purchasing an additional 1,058 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC grew its stake in iShares Floating Rate Bond ETF by 0.8% in the first quarter. Beaird Harris Wealth Management LLC now owns 37,319 shares of the company’s stock valued at $1,905,000 after purchasing an additional 286 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.3%

BATS:FLOT opened at $50.84 on Wednesday. iShares Floating Rate Bond ETF has a twelve month low of $49.75 and a twelve month high of $51.34. The stock’s 50 day moving average price is $50.94 and its two-hundred day moving average price is $50.95.

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.