Milestone Asset Management LLC Purchases 350,700 Shares of iShares Floating Rate Bond ETF $FLOT

Milestone Asset Management LLC increased its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 2,121.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 367,231 shares of the company’s stock after acquiring an additional 350,700 shares during the period. iShares Floating Rate Bond ETF makes up about 3.5% of Milestone Asset Management LLC’s investment portfolio, making the stock its 5th largest position. Milestone Asset Management LLC owned approximately 0.21% of iShares Floating Rate Bond ETF worth $18,677,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Hartline Investment Corp boosted its position in shares of iShares Floating Rate Bond ETF by 36.7% in the 3rd quarter. Hartline Investment Corp now owns 1,159,242 shares of the company’s stock valued at $59,220,000 after purchasing an additional 311,232 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of iShares Floating Rate Bond ETF by 475.4% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 136,390 shares of the company’s stock valued at $6,967,000 after purchasing an additional 112,686 shares during the period. Cascade Wealth Advisors Inc boosted its position in shares of iShares Floating Rate Bond ETF by 26.3% in the 3rd quarter. Cascade Wealth Advisors Inc now owns 246,710 shares of the company’s stock valued at $12,561,000 after purchasing an additional 51,392 shares during the period. NTV Asset Management LLC boosted its position in shares of iShares Floating Rate Bond ETF by 44.6% in the 3rd quarter. NTV Asset Management LLC now owns 32,621 shares of the company’s stock valued at $1,666,000 after purchasing an additional 10,065 shares during the period. Finally, WorthPointe LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at $653,000.

iShares Floating Rate Bond ETF Trading Up 0.1%

BATS:FLOT opened at $50.93 on Thursday. iShares Floating Rate Bond ETF has a 1-year low of $50.67 and a 1-year high of $51.09. The stock has a fifty day simple moving average of $50.89 and a 200 day simple moving average of $50.92.

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.