iShares Floating Rate Bond ETF $FLOT Stock Position Lowered by Hilltop Holdings Inc.

Hilltop Holdings Inc. trimmed its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 37.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 80,611 shares of the company’s stock after selling 47,330 shares during the period. Hilltop Holdings Inc.’s holdings in iShares Floating Rate Bond ETF were worth $4,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF in the first quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at $30,000. Quarry LP purchased a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter valued at $36,000. Tucker Asset Management LLC acquired a new stake in iShares Floating Rate Bond ETF during the 4th quarter worth about $37,000. Finally, Bayban acquired a new stake in iShares Floating Rate Bond ETF during the 4th quarter worth about $37,000.

iShares Floating Rate Bond ETF Stock Up 0.1%

BATS:FLOT opened at $51.03 on Friday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09. The stock’s 50-day moving average is $50.98 and its two-hundred day moving average is $50.94.

About iShares Floating Rate Bond ETF

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.