Napier Financial LLC Takes Position in iShares Floating Rate Bond ETF $FLOT

Napier Financial LLC acquired a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 84,164 shares of the company’s stock, valued at approximately $4,281,000. iShares Floating Rate Bond ETF makes up 1.1% of Napier Financial LLC’s investment portfolio, making the stock its 27th largest position.

Several other institutional investors have also modified their holdings of the business. L.K. Benson & Company P.C. lifted its holdings in shares of iShares Floating Rate Bond ETF by 1.3% during 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 in the last quarter. Donor Advised Charitable Giving Inc. lifted 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 valued at $732,000 after purchasing an additional 226 shares in the last quarter. North Star Investment Management Corp. lifted its holdings 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 purchasing an additional 271 shares in the last quarter. Ascent Group LLC lifted its holdings 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 purchasing an additional 272 shares in the last quarter. Finally, Frisch Financial Group Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF by 1.2% during the 3rd quarter. Frisch Financial Group Inc. now owns 22,368 shares of the company’s stock valued at $1,143,000 after purchasing an additional 274 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $50.93 on Monday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09. The business’s 50-day simple moving average is $50.92 and its 200-day simple moving average is $50.92.

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.