LJI Wealth Management LLC Increases Stake in iShares Floating Rate Bond ETF $FLOT

LJI Wealth Management LLC grew its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 29.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 655,333 shares of the company’s stock after acquiring an additional 149,124 shares during the period. iShares Floating Rate Bond ETF comprises 5.1% of LJI Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. LJI Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $33,330,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hartline Investment Corp increased its holdings in shares of iShares Floating Rate Bond ETF by 36.7% in the third quarter. Hartline Investment Corp now owns 1,159,242 shares of the company’s stock worth $59,220,000 after purchasing an additional 311,232 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of iShares Floating Rate Bond ETF by 475.4% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 136,390 shares of the company’s stock worth $6,967,000 after purchasing an additional 112,686 shares during the period. Cascade Wealth Advisors Inc increased its holdings in shares of iShares Floating Rate Bond ETF by 26.3% in the third quarter. Cascade Wealth Advisors Inc now owns 246,710 shares of the company’s stock worth $12,561,000 after purchasing an additional 51,392 shares during the period. Elmwood Wealth Management Inc. increased its holdings in shares of iShares Floating Rate Bond ETF by 49.1% in the third quarter. Elmwood Wealth Management Inc. now owns 59,913 shares of the company’s stock worth $3,061,000 after purchasing an additional 19,725 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of iShares Floating Rate Bond ETF by 0.7% in the third quarter. Assetmark Inc. now owns 1,839,990 shares of the company’s stock worth $93,996,000 after purchasing an additional 12,153 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $50.90 on Friday. The company’s 50 day moving average is $50.88 and its 200 day moving average is $50.92. iShares Floating Rate Bond ETF has a 1-year low of $50.67 and a 1-year high of $51.09.

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.