Oppenheimer & Co. Inc. Buys New Shares in iShares Floating Rate Bond ETF $FLOT

Oppenheimer & Co. Inc. bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 136,225 shares of the company’s stock, valued at approximately $6,954,000. Oppenheimer & Co. Inc. owned approximately 0.08% of iShares Floating Rate Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in FLOT. The Manufacturers Life Insurance Company acquired a new stake in shares of iShares Floating Rate Bond ETF during the 1st quarter valued at $47,775,000. RMG Wealth Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at $30,601,000. Alpine Bank Wealth Management increased its stake in iShares Floating Rate Bond ETF by 631.2% in the 3rd quarter. Alpine Bank Wealth Management now owns 684,450 shares of the company’s stock worth $34,941,000 after purchasing an additional 590,842 shares in the last quarter. Towercrest Capital Management purchased a new position in iShares Floating Rate Bond ETF in the 3rd quarter worth about $28,377,000. Finally, Kensington Asset Management LLC increased its stake in iShares Floating Rate Bond ETF by 39.9% in the 1st quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock worth $77,685,000 after purchasing an additional 434,772 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

BATS FLOT opened at $51.00 on Thursday. The stock’s 50-day moving average price is $50.97 and its two-hundred day moving average price is $50.95. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.08.

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.