Destination Wealth Management Purchases 37,322 Shares of iShares Floating Rate Bond ETF $FLOT

Destination Wealth Management grew its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 551,683 shares of the company’s stock after buying an additional 37,322 shares during the period. Destination Wealth Management’s holdings in iShares Floating Rate Bond ETF were worth $28,183,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Quadrature Capital Ltd grew its stake 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 valued at $33,374,000 after acquiring an additional 650,127 shares during the period. Financial Sense Advisors Inc. raised its position in shares of iShares Floating Rate Bond ETF by 772.5% during the third quarter. Financial Sense Advisors Inc. now owns 707,462 shares of the company’s stock worth $36,141,000 after purchasing an additional 626,378 shares during the period. New York Life Investment Management LLC raised its position in shares of iShares Floating Rate Bond ETF by 24.6% during the third quarter. New York Life Investment Management LLC now owns 3,077,751 shares of the company’s stock worth $157,227,000 after purchasing an additional 607,046 shares during the period. Walker Financial Services Inc. bought a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at about $22,448,000. Finally, Trustmark Bank Trust Department lifted its holdings in shares of iShares Floating Rate Bond ETF by 153.3% during the 2nd quarter. Trustmark Bank Trust Department now owns 668,097 shares of the company’s stock valued at $34,086,000 after purchasing an additional 404,368 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.1%

Shares of FLOT opened at $50.79 on Monday. The stock has a 50 day simple moving average of $50.94 and a 200 day simple moving average of $50.94. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34.

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.