Sax Wealth Advisors LLC Has $5.56 Million Stake in iShares Floating Rate Bond ETF $FLOT

Sax Wealth Advisors LLC lowered its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 11.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,855 shares of the company’s stock after selling 14,671 shares during the quarter. Sax Wealth Advisors LLC owned 0.06% of iShares Floating Rate Bond ETF worth $5,561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. raised its holdings in iShares Floating Rate Bond ETF by 10.8% during the 2nd quarter. Franklin Resources Inc. now owns 3,209,096 shares of the company’s stock worth $163,728,000 after buying an additional 313,769 shares during the period. Ameriprise Financial Inc. increased its position in shares of iShares Floating Rate Bond ETF by 5.0% during the second quarter. Ameriprise Financial Inc. now owns 2,742,216 shares of the company’s stock worth $139,257,000 after acquiring an additional 130,241 shares in the last quarter. Glenview Trust co raised its holdings in shares of iShares Floating Rate Bond ETF by 5.0% during the second quarter. Glenview Trust co now owns 2,655,067 shares of the company’s stock worth $135,462,000 after acquiring an additional 125,640 shares during the period. Royal Bank of Canada raised its holdings in shares of iShares Floating Rate Bond ETF by 59.0% during the first quarter. Royal Bank of Canada now owns 2,351,795 shares of the company’s stock worth $120,058,000 after acquiring an additional 872,352 shares during the period. Finally, Flputnam Investment Management Co. lifted its position in iShares Floating Rate Bond ETF by 32.9% in the 3rd quarter. Flputnam Investment Management Co. now owns 1,614,802 shares of the company’s stock valued at $82,492,000 after acquiring an additional 399,436 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.3%

Shares of BATS FLOT opened at $50.84 on Wednesday. The company has a fifty day moving average price of $50.94 and a 200 day moving average price of $50.95. iShares Floating Rate Bond ETF has a 1-year low of $49.75 and a 1-year high of $51.34.

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.