HighTower Advisors LLC Has $23.96 Million Stake in iShares Floating Rate Bond ETF $FLOT

HighTower Advisors LLC reduced its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 16.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 471,163 shares of the company’s stock after selling 90,365 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $23,963,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Westfuller Advisors LLC acquired a new position in iShares Floating Rate Bond ETF during the third quarter worth $28,000. Lowe Brockenbrough & Co. Inc. bought a new position in shares of iShares Floating Rate Bond ETF in the third quarter valued at $30,000. Tucker Asset Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at about $37,000. Atlantic Union Bankshares Corp acquired a new position in shares of iShares Floating Rate Bond ETF during the third quarter valued at about $41,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of iShares Floating Rate Bond ETF by 142.6% during the third quarter. GPS Wealth Strategies Group LLC now owns 1,235 shares of the company’s stock worth $63,000 after acquiring an additional 726 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $51.02 on Friday. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.09. The firm has a 50-day moving average of $50.90 and a 200-day moving average of $50.92.

iShares Floating Rate Bond ETF Company 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.