DAVENPORT & Co LLC Has $73.93 Million Position in iShares Floating Rate Bond ETF $FLOT

DAVENPORT & Co LLC raised its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,453,519 shares of the company’s stock after purchasing an additional 73,015 shares during the period. DAVENPORT & Co LLC owned approximately 0.83% of iShares Floating Rate Bond ETF worth $73,926,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 68.5% in the 3rd quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock valued at $25,000 after buying an additional 196 shares during the period. Westfuller Advisors LLC acquired a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth $28,000. Lowe Brockenbrough & Co. Inc. bought a new position in iShares Floating Rate Bond ETF during the third quarter worth about $30,000. Atlantic Union Bankshares Corp bought a new position in iShares Floating Rate Bond ETF during the third quarter worth about $41,000. Finally, GPS Wealth Strategies Group LLC grew its stake in iShares Floating Rate Bond ETF by 142.6% in the third quarter. GPS Wealth Strategies Group LLC now owns 1,235 shares of the company’s stock valued at $63,000 after acquiring an additional 726 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of iShares Floating Rate Bond ETF stock opened at $50.96 on Wednesday. iShares Floating Rate Bond ETF has a 1 year low of $49.75 and a 1 year high of $51.34. The business has a 50-day moving average of $50.94 and a two-hundred day moving average of $50.94.

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.