New England Private Wealth Advisors LLC Has $25.95 Million Position in iShares Floating Rate Bond ETF $FLOT

New England Private Wealth Advisors LLC grew its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 1,456.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 510,009 shares of the company’s stock after buying an additional 477,237 shares during the quarter. iShares Floating Rate Bond ETF accounts for about 1.5% of New England Private Wealth Advisors LLC’s portfolio, making the stock its 17th largest holding. New England Private Wealth Advisors LLC owned about 0.29% of iShares Floating Rate Bond ETF worth $25,952,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of iShares Floating Rate Bond ETF by 2.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 109,715 shares of the company’s stock valued at $5,580,000 after buying an additional 2,822 shares in the last quarter. Axxcess Wealth Management LLC raised its position in shares of iShares Floating Rate Bond ETF by 17.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 61,962 shares of the company’s stock valued at $3,151,000 after buying an additional 9,270 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of iShares Floating Rate Bond ETF by 7.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 36,669 shares of the company’s stock valued at $1,865,000 after buying an additional 2,554 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter valued at approximately $6,985,000. Finally, Csenge Advisory Group grew its holdings in shares of iShares Floating Rate Bond ETF by 3.6% during the 4th quarter. Csenge Advisory Group now owns 27,003 shares of the company’s stock valued at $1,373,000 after purchasing an additional 948 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of iShares Floating Rate Bond ETF stock opened at $51.02 on Friday. The firm’s 50 day moving average is $50.90 and its 200 day moving average is $50.92. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.09.

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.