270,581 Shares in iShares Floating Rate Bond ETF $FLOT Bought by Mader & Shannon Wealth Management Inc.

Mader & Shannon Wealth Management Inc. acquired a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 270,581 shares of the company’s stock, valued at approximately $13,813,000. iShares Floating Rate Bond ETF makes up about 5.8% of Mader & Shannon Wealth Management Inc.’s portfolio, making the stock its 7th biggest position. Mader & Shannon Wealth Management Inc. owned 0.15% of iShares Floating Rate Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FLOT. Asset One Wealth Management LLC boosted its position in shares of iShares Floating Rate Bond ETF by 3.2% during the third quarter. Asset One Wealth Management LLC now owns 77,897 shares of the company’s stock valued at $3,977,000 after buying an additional 2,408 shares during the last quarter. International Assets Investment Management LLC increased its holdings in iShares Floating Rate Bond ETF by 56.4% in the 3rd quarter. International Assets Investment Management LLC now owns 118,401 shares of the company’s stock worth $6,022,000 after buying an additional 42,694 shares in the last quarter. Kestra Advisory Services LLC raised its position in iShares Floating Rate Bond ETF by 1.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 277,852 shares of the company’s stock worth $14,184,000 after buying an additional 3,993 shares during the last quarter. Inscription Capital LLC purchased a new position in iShares Floating Rate Bond ETF in the 3rd quarter worth about $831,000. Finally, Commonwealth Equity Services LLC purchased a new position in iShares Floating Rate Bond ETF in the 3rd quarter worth about $33,326,000.

iShares Floating Rate Bond ETF Price Performance

FLOT traded up $0.01 during midday trading on Friday, hitting $50.84. 2,105,036 shares of the company traded hands, compared to its average volume of 1,914,095. The company’s 50-day moving average is $50.95 and its 200 day moving average is $50.95. iShares Floating Rate Bond ETF has a 52 week low of $50.67 and a 52 week high of $51.08.

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.