Laurel Wealth Advisors LLC Acquires 160,465 Shares of iShares Floating Rate Bond ETF $FLOT

Laurel Wealth Advisors LLC lifted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 5,002.0% in the second quarter, Holdings Channel.com reports. The fund owned 163,673 shares of the company’s stock after purchasing an additional 160,465 shares during the period. Laurel Wealth Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $8,351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FLOT. Ameriprise Financial Inc. increased its position in iShares Floating Rate Bond ETF by 143.4% during the 1st quarter. Ameriprise Financial Inc. now owns 2,611,975 shares of the company’s stock valued at $133,006,000 after purchasing an additional 1,538,926 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 2nd quarter valued at about $61,900,000. Royal Bank of Canada boosted its stake in shares of iShares Floating Rate Bond ETF by 59.0% during the 1st quarter. Royal Bank of Canada now owns 2,351,795 shares of the company’s stock valued at $120,058,000 after purchasing an additional 872,352 shares in the last quarter. Liberty Wealth Management LLC increased its position in shares of iShares Floating Rate Bond ETF by 6,492.9% during the first quarter. Liberty Wealth Management LLC now owns 707,418 shares of the company’s stock valued at $36,114,000 after buying an additional 696,688 shares during the period. Finally, RMG Wealth Management LLC bought a new position in iShares Floating Rate Bond ETF in the second quarter worth about $24,254,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $51.04 on Thursday. The company has a 50-day simple moving average of $50.97 and a two-hundred day simple moving average of $50.95. iShares Floating Rate Bond ETF has a one year low of $49.75 and a one year high of $51.34.

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.