Destination Wealth Management Buys 94,174 Shares of iShares Floating Rate Bond ETF $FLOT

Destination Wealth Management lifted its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 17.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 645,857 shares of the company’s stock after purchasing an additional 94,174 shares during the quarter. Destination Wealth Management owned 0.37% of iShares Floating Rate Bond ETF worth $32,848,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cascade Wealth Advisors Inc increased its stake in iShares Floating Rate Bond ETF by 26.3% in the 3rd quarter. Cascade Wealth Advisors Inc now owns 246,710 shares of the company’s stock worth $12,561,000 after acquiring an additional 51,392 shares during the last quarter. Crews Bank & Trust increased its stake in iShares Floating Rate Bond ETF by 132.3% in the 4th quarter. Crews Bank & Trust now owns 80,422 shares of the company’s stock worth $4,090,000 after acquiring an additional 45,795 shares during the last quarter. Glenview Trust Co increased its stake in iShares Floating Rate Bond ETF by 3.9% in the 3rd quarter. Glenview Trust Co now owns 2,757,420 shares of the company’s stock worth $140,863,000 after acquiring an additional 102,353 shares during the last quarter. Prevail Innovative Wealth Advisors LLC bought a new position in iShares Floating Rate Bond ETF in the 3rd quarter worth about $1,560,000. Finally, Apollon Wealth Management LLC increased its stake in iShares Floating Rate Bond ETF by 6.4% in the 4th quarter. Apollon Wealth Management LLC now owns 192,495 shares of the company’s stock worth $9,790,000 after acquiring an additional 11,514 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT opened at $50.99 on Friday. The stock’s 50-day simple moving average is $50.93 and its two-hundred day simple moving average is $50.92. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month high of $51.09.

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.