Monetary Solutions Ltd Acquires New Position in iShares Floating Rate Bond ETF $FLOT

Monetary Solutions Ltd acquired a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the 4th quarter, HoldingsChannel reports. The firm acquired 141,971 shares of the company’s stock, valued at approximately $7,221,000. iShares Floating Rate Bond ETF accounts for about 7.1% of Monetary Solutions Ltd’s portfolio, making the stock its 4th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FLOT. L.K. Benson & Company P.C. boosted its holdings in iShares Floating Rate Bond ETF by 1.3% in the 4th quarter. L.K. Benson & Company P.C. now owns 16,185 shares of the company’s stock valued at $823,000 after purchasing an additional 204 shares during the last quarter. Donor Advised Charitable Giving Inc. increased its holdings in shares of iShares Floating Rate Bond ETF by 1.6% during the 4th quarter. Donor Advised Charitable Giving Inc. now owns 14,388 shares of the company’s stock worth $732,000 after buying an additional 226 shares during the last quarter. Glen Eagle Advisors LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 6.6% during the 4th quarter. Glen Eagle Advisors LLC now owns 3,852 shares of the company’s stock worth $196,000 after buying an additional 237 shares during the last quarter. North Star Investment Management Corp. raised its position in shares of iShares Floating Rate Bond ETF by 18.6% during the 4th 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 period. Finally, Ascent Group LLC raised its position in shares of iShares Floating Rate Bond ETF by 5.0% during the 4th 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 period.

iShares Floating Rate Bond ETF Trading Up 0.1%

FLOT opened at $51.00 on Friday. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.09. The business’s 50 day moving average price is $50.95 and its 200 day moving average price is $50.92.

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.