Diversified Portfolios Inc. Has $20.47 Million Holdings in iShares Floating Rate Bond ETF $FLOT

Diversified Portfolios Inc. lessened its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 12.2% in the fourth quarter, HoldingsChannel reports. The fund owned 402,385 shares of the company’s stock after selling 56,021 shares during the quarter. iShares Floating Rate Bond ETF makes up approximately 1.7% of Diversified Portfolios Inc.’s holdings, making the stock its 14th largest holding. Diversified Portfolios Inc.’s holdings in iShares Floating Rate Bond ETF were worth $20,465,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. L.K. Benson & Company P.C. boosted its position in shares of iShares Floating Rate Bond ETF by 1.3% during the fourth quarter. L.K. Benson & Company P.C. now owns 16,185 shares of the company’s stock valued at $823,000 after buying an additional 204 shares during the last quarter. Donor Advised Charitable Giving Inc. boosted its position in shares of iShares Floating Rate Bond ETF by 1.6% during the fourth quarter. Donor Advised Charitable Giving Inc. now owns 14,388 shares of the company’s stock valued at $732,000 after buying an additional 226 shares during the last quarter. North Star Investment Management Corp. boosted its position in shares of iShares Floating Rate Bond ETF by 18.6% during the fourth quarter. North Star Investment Management Corp. now owns 1,731 shares of the company’s stock valued at $88,000 after buying an additional 271 shares during the last quarter. Ascent Group LLC boosted its position in shares of iShares Floating Rate Bond ETF by 5.0% during the fourth quarter. Ascent Group LLC now owns 5,660 shares of the company’s stock valued at $288,000 after buying an additional 272 shares during the last quarter. Finally, Frisch Financial Group Inc. boosted its position in shares of iShares Floating Rate Bond ETF by 1.2% during the third quarter. Frisch Financial Group Inc. now owns 22,368 shares of the company’s stock valued at $1,143,000 after buying an additional 274 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $51.02 on Tuesday. iShares Floating Rate Bond ETF has a 12-month low of $50.67 and a 12-month high of $51.09. The business’s 50 day moving average is $50.90 and its 200 day moving average is $50.92.

iShares Floating Rate Bond ETF Company 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.