Oppenheimer & Co. Inc. bought a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 136,225 shares of the company’s stock, valued at approximately $6,954,000.
A number of other hedge funds also recently modified their holdings of FLOT. Glenview Trust Co boosted its position in shares of iShares Floating Rate Bond ETF by 7.4% in the first quarter. Glenview Trust Co now owns 3,130,128 shares of the company’s stock worth $159,480,000 after buying an additional 216,519 shares during the period. PNC Financial Services Group Inc. raised its position in iShares Floating Rate Bond ETF by 12.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,029,454 shares of the company’s stock valued at $103,401,000 after buying an additional 230,814 shares during the period. Assetmark Inc. raised its position in iShares Floating Rate Bond ETF by 2.4% during the first quarter. Assetmark Inc. now owns 1,965,478 shares of the company’s stock valued at $100,141,000 after buying an additional 46,823 shares during the period. Kensington Asset Management LLC raised its position in iShares Floating Rate Bond ETF by 39.9% during the first quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock valued at $77,685,000 after buying an additional 434,772 shares during the period. Finally, Cetera Investment Advisers raised its position in iShares Floating Rate Bond ETF by 1.3% during the first quarter. Cetera Investment Advisers now owns 1,086,284 shares of the company’s stock valued at $55,346,000 after buying an additional 13,784 shares during the period.
iShares Floating Rate Bond ETF Price Performance
Shares of iShares Floating Rate Bond ETF stock opened at $51.00 on Thursday. The stock has a 50-day moving average price of $50.97 and a 200 day moving average price of $50.95. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.08.
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.
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