Ifrah Financial Services Inc. decreased its position in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 16.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,986 shares of the company’s stock after selling 36,920 shares during the quarter. iShares Floating Rate Bond ETF accounts for approximately 2.5% of Ifrah Financial Services Inc.’s holdings, making the stock its 8th largest position. Ifrah Financial Services Inc. owned 0.11% of iShares Floating Rate Bond ETF worth $9,374,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in FLOT. Cornerstone Financial Management LLC bought a new position in iShares Floating Rate Bond ETF during the fourth quarter worth $30,000. Quarry LP acquired a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth $36,000. Tucker Asset Management LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth $37,000. Bayban bought a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter worth about $37,000. Finally, Lavaca Capital LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at about $57,000.
iShares Floating Rate Bond ETF Price Performance
Shares of BATS:FLOT opened at $51.05 on Monday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09. The firm has a 50-day simple moving average of $50.96 and a 200 day simple moving average of $50.93.
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.
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