Schmidt P J Investment Management Inc. Has $541,000 Stock Position in iShares Floating Rate Bond ETF $FLOT

Schmidt P J Investment Management Inc. grew its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 104.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,598 shares of the company’s stock after buying an additional 5,415 shares during the period. Schmidt P J Investment Management Inc.’s holdings in iShares Floating Rate Bond ETF were worth $541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Belpointe Asset Management LLC lifted its position in shares of iShares Floating Rate Bond ETF by 108.6% in the first quarter. Belpointe Asset Management LLC now owns 54,886 shares of the company’s stock worth $2,802,000 after buying an additional 28,572 shares during the last quarter. Focus Partners Wealth grew its position in iShares Floating Rate Bond ETF by 8.9% during the 1st quarter. Focus Partners Wealth now owns 13,287 shares of the company’s stock worth $678,000 after acquiring an additional 1,088 shares during the last quarter. Glenview Trust co grew its position in iShares Floating Rate Bond ETF by 4.0% during the 1st quarter. Glenview Trust co now owns 2,529,427 shares of the company’s stock worth $129,127,000 after acquiring an additional 97,749 shares during the last quarter. Jane Street Group LLC grew its position in iShares Floating Rate Bond ETF by 1,308.4% during the 1st quarter. Jane Street Group LLC now owns 232,325 shares of the company’s stock worth $11,860,000 after acquiring an additional 215,829 shares during the last quarter. Finally, SageView Advisory Group LLC boosted its position in iShares Floating Rate Bond ETF by 81.9% in the 1st quarter. SageView Advisory Group LLC now owns 23,701 shares of the company’s stock valued at $1,210,000 after buying an additional 10,668 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.2%

Shares of FLOT opened at $50.88 on Wednesday. The business’s fifty day moving average price is $50.97 and its two-hundred day moving average price is $50.89. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34.

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.