NewEdge Advisors LLC Sells 10,113 Shares of iShares Floating Rate Bond ETF $FLOT

NewEdge Advisors LLC lowered its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 36.7% during the first quarter, Holdings Channel reports. The firm owned 17,471 shares of the company’s stock after selling 10,113 shares during the period. NewEdge Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $890,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 68.3% in the fourth quarter. International Assets Investment Management LLC now owns 36,337 shares of the company’s stock worth $1,848,000 after buying an additional 14,752 shares during the last quarter. LaFleur & Godfrey LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 5.0% during the 4th quarter. LaFleur & Godfrey LLC now owns 405,647 shares of the company’s stock worth $20,631,000 after buying an additional 19,468 shares during the period. GSA Capital Partners LLP acquired a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at $6,985,000. Destination Wealth Management grew its stake in iShares Floating Rate Bond ETF by 17.1% in the 4th quarter. Destination Wealth Management now owns 645,857 shares of the company’s stock valued at $32,848,000 after buying an additional 94,174 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in iShares Floating Rate Bond ETF by 10.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 156,615 shares of the company’s stock valued at $7,965,000 after buying an additional 15,176 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0%

Shares of FLOT opened at $50.97 on Wednesday. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.09. The company’s fifty day moving average price is $50.98 and its 200 day moving average price is $50.94.

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.