25,621 Shares of iShares Floating Rate Bond ETF $FLOT Purchased by Wealth Management Resources Inc.

Wealth Management Resources Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 25,621 shares of the company’s stock, valued at approximately $1,308,000. iShares Floating Rate Bond ETF comprises about 0.4% of Wealth Management Resources Inc.’s investment portfolio, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new stake in iShares Floating Rate Bond ETF during the first quarter worth about $25,000. Tompkins Financial Corp bought a new stake in iShares Floating Rate Bond ETF during the third quarter worth about $25,000. NFSG Corp acquired a new stake in shares of iShares Floating Rate Bond ETF during the third quarter worth approximately $50,000. Global Assets Advisory LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the first quarter worth approximately $75,000. Finally, Wellington Grp LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the first quarter worth approximately $75,000.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $50.98 on Wednesday. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.08. The firm has a 50 day moving average of $50.96 and a 200-day moving average of $50.96.

About iShares Floating Rate Bond ETF

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.