iShares Floating Rate Bond ETF $FLOT Stock Position Cut by Rezny Wealth Management Inc.

Rezny Wealth Management Inc. reduced its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 10.9% during the fourth quarter, Holdings Channel reports. The firm owned 231,953 shares of the company’s stock after selling 28,268 shares during the quarter. iShares Floating Rate Bond ETF makes up approximately 2.4% of Rezny Wealth Management Inc.’s portfolio, making the stock its 8th biggest position. Rezny Wealth Management Inc.’s holdings in iShares Floating Rate Bond ETF were worth $11,797,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FLOT. Focus Partners Wealth increased its position in iShares Floating Rate Bond ETF by 8.9% during the 1st quarter. Focus Partners Wealth now owns 13,287 shares of the company’s stock valued at $678,000 after purchasing an additional 1,088 shares during the period. Diversify Wealth Management LLC increased its position in iShares Floating Rate Bond ETF by 70.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 11,891 shares of the company’s stock valued at $606,000 after purchasing an additional 4,907 shares during the period. Transamerica Financial Advisors LLC increased its position in iShares Floating Rate Bond ETF by 5.8% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 53,539 shares of the company’s stock valued at $2,732,000 after purchasing an additional 2,934 shares during the period. Raymond James Financial Inc. increased its position in iShares Floating Rate Bond ETF by 13.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,124,339 shares of the company’s stock valued at $57,364,000 after purchasing an additional 135,488 shares during the period. Finally, Ausdal Financial Partners Inc. increased its position in iShares Floating Rate Bond ETF by 30.6% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 22,304 shares of the company’s stock valued at $1,138,000 after purchasing an additional 5,231 shares during the period.

iShares Floating Rate Bond ETF Price Performance

Shares of iShares Floating Rate Bond ETF stock opened at $50.90 on Friday. The company’s fifty day simple moving average is $50.88 and its two-hundred day simple moving average is $50.92. iShares Floating Rate Bond ETF has a 12-month low of $50.67 and a 12-month high of $51.09.

iShares Floating Rate Bond ETF 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.