Heck Capital Advisors LLC Cuts Stake in iShares Floating Rate Bond ETF $FLOT

Heck Capital Advisors LLC reduced its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 88.6% in the second quarter, Holdings Channel reports. The firm owned 5,891 shares of the company’s stock after selling 45,745 shares during the quarter. Heck Capital Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FLOT. Tompkins Financial Corp purchased a new stake in shares of iShares Floating Rate Bond ETF during the second quarter valued at approximately $25,000. NorthRock Partners LLC boosted its stake in iShares Floating Rate Bond ETF by 269.5% during the 1st quarter. NorthRock Partners LLC now owns 521 shares of the company’s stock valued at $27,000 after purchasing an additional 380 shares during the last quarter. Asset Dedication LLC purchased a new stake in iShares Floating Rate Bond ETF during the 1st quarter valued at $29,000. WASHINGTON TRUST Co increased its holdings in shares of iShares Floating Rate Bond ETF by 242.6% in the 1st quarter. WASHINGTON TRUST Co now owns 692 shares of the company’s stock worth $35,000 after purchasing an additional 490 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the first quarter worth $43,000.

iShares Floating Rate Bond ETF Stock Down 0.1%

iShares Floating Rate Bond ETF stock opened at $50.93 on Tuesday. iShares Floating Rate Bond ETF has a one year low of $49.75 and a one year high of $51.34. The business’s fifty day moving average is $50.97 and its 200 day moving average is $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.