Penobscot Investment Management Company Inc. Buys 157,134 Shares of iShares Floating Rate Bond ETF $FLOT

Penobscot Investment Management Company Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the third quarter, Holdings Channel reports. The firm purchased 157,134 shares of the company’s stock, valued at approximately $8,022,000.

Several other institutional investors have also added to or reduced their stakes in FLOT. Glenview Trust Co grew its holdings in iShares Floating Rate Bond ETF by 7.4% in the 1st quarter. Glenview Trust Co now owns 3,130,128 shares of the company’s stock worth $159,480,000 after acquiring an additional 216,519 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of iShares Floating Rate Bond ETF by 12.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,029,454 shares of the company’s stock valued at $103,401,000 after acquiring an additional 230,814 shares during the period. Assetmark Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 2.4% during the first quarter. Assetmark Inc. now owns 1,965,478 shares of the company’s stock valued at $100,141,000 after acquiring an additional 46,823 shares during the last quarter. Kensington Asset Management LLC raised its stake in shares of iShares Floating Rate Bond ETF by 39.9% during the first quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock valued at $77,685,000 after acquiring an additional 434,772 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of iShares Floating Rate Bond ETF by 1.3% during the first quarter. Cetera Investment Advisers now owns 1,086,284 shares of the company’s stock valued at $55,346,000 after acquiring an additional 13,784 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0%

iShares Floating Rate Bond ETF stock opened at $51.01 on Wednesday. The firm has a 50-day moving average of $50.97 and a 200-day moving average of $50.95. iShares Floating Rate Bond ETF has a 1-year low of $50.67 and a 1-year high of $51.08.

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.