Wealth Management Resources Inc. Purchases New Stake in iShares Floating Rate Bond ETF $FLOT

Wealth Management Resources Inc. acquired a new position in iShares Floating Rate Bond ETF (BATS:FLOT) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 25,621 shares of the company’s stock, valued at approximately $1,308,000. iShares Floating Rate Bond ETF accounts for approximately 0.4% of Wealth Management Resources Inc.’s portfolio, making the stock its 23rd biggest position.

Other institutional investors also recently modified their holdings of the company. Glenview Trust Co increased its position in shares of iShares Floating Rate Bond ETF by 7.4% during the first quarter. Glenview Trust Co now owns 3,130,128 shares of the company’s stock valued at $159,480,000 after purchasing an additional 216,519 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 12.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,029,454 shares of the company’s stock valued at $103,401,000 after purchasing an additional 230,814 shares in the last quarter. Assetmark Inc. lifted its position in iShares Floating Rate Bond ETF by 2.4% in the first quarter. Assetmark Inc. now owns 1,965,478 shares of the company’s stock worth $100,141,000 after purchasing an additional 46,823 shares during the period. Kensington Asset Management LLC lifted its position in iShares Floating Rate Bond ETF by 39.9% in the first quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock worth $77,685,000 after purchasing an additional 434,772 shares during the period. Finally, Cetera Investment Advisers lifted its position in iShares Floating Rate Bond ETF by 1.3% in the first quarter. Cetera Investment Advisers now owns 1,086,284 shares of the company’s stock worth $55,346,000 after purchasing an additional 13,784 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

FLOT opened at $50.98 on Wednesday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.08. The firm’s fifty day moving average price is $50.96 and its two-hundred day moving average price is $50.96.

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.