Liberty Wealth Management LLC Sells 7,271 Shares of iShares Floating Rate Bond ETF $FLOT

Liberty Wealth Management LLC trimmed its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 50.0% during the second quarter, HoldingsChannel.com reports. The firm owned 7,271 shares of the company’s stock after selling 7,271 shares during the period. Liberty Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc grew its holdings in iShares Floating Rate Bond ETF by 11.5% during the 1st quarter. IFP Advisors Inc now owns 15,581 shares of the company’s stock worth $795,000 after acquiring an additional 1,612 shares during the last quarter. Beaird Harris Wealth Management LLC raised its stake in shares of iShares Floating Rate Bond ETF by 0.8% during the first quarter. Beaird Harris Wealth Management LLC now owns 37,319 shares of the company’s stock valued at $1,905,000 after acquiring an additional 286 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of iShares Floating Rate Bond ETF by 43.3% in the first quarter. Bank of New York Mellon Corp now owns 57,406 shares of the company’s stock worth $2,931,000 after purchasing an additional 17,346 shares during the last quarter. Focus Financial Network Inc. grew its stake in shares of iShares Floating Rate Bond ETF by 32.6% in the second quarter. Focus Financial Network Inc. now owns 11,841 shares of the company’s stock worth $604,000 after purchasing an additional 2,912 shares during the last quarter. Finally, Carmel Capital Partners LLC increased its holdings in iShares Floating Rate Bond ETF by 5.3% in the second quarter. Carmel Capital Partners LLC now owns 103,591 shares of the company’s stock valued at $5,285,000 after purchasing an additional 5,255 shares during the period.

iShares Floating Rate Bond ETF Stock Up 0.1%

Shares of BATS:FLOT opened at $51.05 on Monday. iShares Floating Rate Bond ETF has a 12-month low of $49.75 and a 12-month high of $51.34. The business has a fifty day simple moving average of $50.97 and a 200 day simple moving average of $50.91.

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.