NewEdge Advisors LLC lessened its position in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 36.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,471 shares of the company’s stock after selling 10,113 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $890,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Blue Fin Capital Inc. grew its position in iShares Floating Rate Bond ETF by 7.3% during the 1st quarter. Blue Fin Capital Inc. now owns 39,315 shares of the company’s stock worth $2,003,000 after purchasing an additional 2,687 shares in the last quarter. WNY Asset Management LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the first quarter worth $11,258,000. Wellington Grp LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the first quarter valued at $75,000. Kensington Asset Management LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 39.9% during the first quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock valued at $77,685,000 after buying an additional 434,772 shares in the last quarter. Finally, Western Wealth Management LLC raised its position in iShares Floating Rate Bond ETF by 14.7% during the first quarter. Western Wealth Management LLC now owns 24,027 shares of the company’s stock valued at $1,224,000 after buying an additional 3,087 shares during the period.
iShares Floating Rate Bond ETF Price Performance
Shares of iShares Floating Rate Bond ETF stock opened at $50.97 on Wednesday. The stock has a 50-day moving average price of $50.98 and a 200 day moving average price of $50.94. 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 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.
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