Union Savings Bank Invests $793,000 in iShares Floating Rate Bond ETF $FLOT

Union Savings Bank acquired a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 15,594 shares of the company’s stock, valued at approximately $793,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cornerstone Financial Management LLC acquired a new stake in iShares Floating Rate Bond ETF during the 4th quarter valued at $30,000. Quarry LP purchased a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $36,000. Tucker Asset Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $37,000. Bayban acquired a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth approximately $37,000. Finally, Lavaca Capital LLC acquired a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth approximately $57,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $51.00 on Friday. The stock has a fifty day moving average of $50.95 and a two-hundred day moving average of $50.92. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09.

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.