Advisors Preferred LLC Acquires Shares of 49,149 iShares Floating Rate Bond ETF $FLOT

Advisors Preferred LLC acquired a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 49,149 shares of the company’s stock, valued at approximately $2,504,000.

A number of other institutional investors have also made changes to their positions in the company. Evolution Wealth Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF during the first quarter worth about $25,000. Cornerstone Financial Management LLC purchased a new position in iShares Floating Rate Bond ETF in the fourth quarter valued at about $30,000. Quarry LP acquired a new stake in iShares Floating Rate Bond ETF during the 4th quarter valued at approximately $36,000. Tucker Asset Management LLC acquired a new stake in iShares Floating Rate Bond ETF during the 4th quarter valued at approximately $37,000. Finally, Bayban purchased a new stake in iShares Floating Rate Bond ETF during the 4th quarter worth approximately $37,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $50.97 on Wednesday. The stock’s 50 day moving average is $50.97 and its two-hundred day moving average is $50.93. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week high of $51.09.

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.