International Assets Investment Management LLC trimmed its position in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 64.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 27,167 shares of the company’s stock after selling 48,540 shares during the period. International Assets Investment Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,387,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new position in shares of iShares Floating Rate Bond ETF in the first quarter valued at approximately $47,775,000. RMG Wealth Management LLC bought a new stake in iShares Floating Rate Bond ETF during the 1st quarter worth approximately $30,601,000. Alpine Bank Wealth Management lifted its stake in iShares Floating Rate Bond ETF by 631.2% in the 3rd quarter. Alpine Bank Wealth Management now owns 684,450 shares of the company’s stock worth $34,941,000 after purchasing an additional 590,842 shares in the last quarter. Towercrest Capital Management purchased a new stake in iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $28,377,000. Finally, LaFleur & Godfrey LLC purchased a new stake in iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $25,009,000.
iShares Floating Rate Bond ETF Price Performance
Shares of BATS:FLOT opened at $50.84 on Wednesday. The firm has a fifty day moving average price of $50.96 and a two-hundred day moving average price of $50.95. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.08.
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.
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Want to see what other hedge funds are holding FLOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Floating Rate Bond ETF (BATS:FLOT – Free Report).
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