Northwestern Mutual Wealth Management Co. Buys 51,385 Shares of iShares Floating Rate Bond ETF $FLOT

Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 62.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 133,765 shares of the company’s stock after acquiring an additional 51,385 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.08% of iShares Floating Rate Bond ETF worth $6,825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLOT. Crabel Capital Management LLC raised its stake in shares of iShares Floating Rate Bond ETF by 101.2% in the second quarter. Crabel Capital Management LLC now owns 39,561 shares of the company’s stock valued at $2,018,000 after acquiring an additional 19,903 shares during the period. Choreo LLC lifted its position in shares of iShares Floating Rate Bond ETF by 6.9% during the second quarter. Choreo LLC now owns 7,926 shares of the company’s stock worth $404,000 after purchasing an additional 515 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of iShares Floating Rate Bond ETF by 18.4% in the second quarter. J.W. Cole Advisors Inc. now owns 110,940 shares of the company’s stock worth $5,660,000 after purchasing an additional 17,278 shares during the last quarter. SlateStone Wealth LLC increased its stake in iShares Floating Rate Bond ETF by 4.9% in the 2nd quarter. SlateStone Wealth LLC now owns 28,710 shares of the company’s stock worth $1,465,000 after buying an additional 1,350 shares during the period. Finally, Laurel Wealth Advisors LLC increased its stake in iShares Floating Rate Bond ETF by 5,002.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 163,673 shares of the company’s stock worth $8,351,000 after buying an additional 160,465 shares during the period.

iShares Floating Rate Bond ETF Trading Down 0.2%

Shares of FLOT opened at $50.87 on Wednesday. iShares Floating Rate Bond ETF has a 1-year low of $49.75 and a 1-year high of $51.34. The company has a 50-day moving average of $50.97 and a 200 day moving average of $50.95.

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.