iShares Floating Rate Bond ETF $FLOT Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC increased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 75.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,327 shares of the company’s stock after buying an additional 47,349 shares during the period. Merit Financial Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $5,629,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Park Avenue Securities LLC grew its stake in iShares Floating Rate Bond ETF by 34.3% in the 1st quarter. Park Avenue Securities LLC now owns 58,082 shares of the company’s stock worth $2,965,000 after acquiring an additional 14,818 shares during the period. Sherman Asset Management Inc. grew its position in shares of iShares Floating Rate Bond ETF by 19.1% in the first quarter. Sherman Asset Management Inc. now owns 7,056 shares of the company’s stock valued at $360,000 after purchasing an additional 1,132 shares during the period. Outlook Wealth Advisors LLC grew its position in shares of iShares Floating Rate Bond ETF by 14.0% in the first quarter. Outlook Wealth Advisors LLC now owns 36,648 shares of the company’s stock valued at $1,871,000 after purchasing an additional 4,499 shares during the period. Destiny Wealth Partners LLC increased its stake in iShares Floating Rate Bond ETF by 8.2% in the first quarter. Destiny Wealth Partners LLC now owns 47,952 shares of the company’s stock valued at $2,448,000 after purchasing an additional 3,614 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in iShares Floating Rate Bond ETF by 13.1% during the first quarter. Farther Finance Advisors LLC now owns 57,280 shares of the company’s stock worth $2,914,000 after buying an additional 6,627 shares during the period.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $50.93 on Tuesday. The stock’s 50-day moving average price is $50.97 and its two-hundred day moving average price is $50.89. iShares Floating Rate Bond ETF has a 12-month low of $49.75 and a 12-month high of $51.34.

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.