Financial Connections Group Inc. Takes Position in iShares Floating Rate Bond ETF $FLOT

Financial Connections Group Inc. bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the second quarter, HoldingsChannel reports. The firm bought 2,008 shares of the company’s stock, valued at approximately $102,000.

A number of other institutional investors have also modified their holdings of the stock. Wealth Management Resources Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 84.0% in the 2nd quarter. Wealth Management Resources Inc. now owns 67,859 shares of the company’s stock valued at $3,462,000 after purchasing an additional 30,975 shares in the last quarter. JFS Wealth Advisors LLC grew its position in shares of iShares Floating Rate Bond ETF by 12.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 17,866 shares of the company’s stock valued at $912,000 after buying an additional 1,967 shares during the last quarter. Monument Capital Management bought a new stake in shares of iShares Floating Rate Bond ETF during the 2nd quarter valued at about $4,795,000. US Bancorp DE grew its position in shares of iShares Floating Rate Bond ETF by 8.7% during the 2nd quarter. US Bancorp DE now owns 341,412 shares of the company’s stock valued at $17,419,000 after buying an additional 27,196 shares during the last quarter. Finally, Columbus Macro LLC grew its position in shares of iShares Floating Rate Bond ETF by 9.2% during the 2nd quarter. Columbus Macro LLC now owns 146,908 shares of the company’s stock valued at $7,495,000 after buying an additional 12,391 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.2%

Shares of BATS:FLOT opened at $50.89 on Friday. iShares Floating Rate Bond ETF has a fifty-two week low of $49.75 and a fifty-two week high of $51.34. The firm has a 50-day simple moving average of $50.96 and a 200 day simple moving average of $50.89.

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.