Ifrah Financial Services Inc. cut its stake in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 16.7% in the 1st quarter, HoldingsChannel reports. The fund owned 183,986 shares of the company’s stock after selling 36,920 shares during the period. iShares Floating Rate Bond ETF accounts for approximately 2.5% of Ifrah Financial Services Inc.’s holdings, making the stock its 8th largest holding. Ifrah Financial Services Inc.’s holdings in iShares Floating Rate Bond ETF were worth $9,374,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cornerstone Financial Management LLC bought a new stake in iShares Floating Rate Bond ETF during the fourth quarter worth approximately $30,000. Quarry LP bought a new position in iShares Floating Rate Bond ETF during the 4th quarter valued at $36,000. Tucker Asset Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter valued at $37,000. Bayban bought a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter worth $37,000. Finally, Lavaca Capital LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter worth $57,000.
iShares Floating Rate Bond ETF Stock Performance
Shares of iShares Floating Rate Bond ETF stock opened at $51.05 on Monday. The business has a fifty day simple moving average of $50.96 and a 200-day simple moving average of $50.93. 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 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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