Single Point Partners LLC Decreases Position in iShares Floating Rate Bond ETF (BATS:FLOT)

Single Point Partners LLC trimmed its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.8% in the first quarter, HoldingsChannel.com reports. The firm owned 148,289 shares of the company’s stock after selling 7,441 shares during the quarter. iShares Floating Rate Bond ETF comprises about 1.5% of Single Point Partners LLC’s investment portfolio, making the stock its 13th largest holding. Single Point Partners LLC’s holdings in iShares Floating Rate Bond ETF were worth $7,570,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Demars Financial Group LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 5,019.0% during the fourth quarter. Demars Financial Group LLC now owns 38,039,428 shares of the company’s stock worth $1,935,446,000 after purchasing an additional 37,296,320 shares during the last quarter. Bank of America Corp DE boosted its position in shares of iShares Floating Rate Bond ETF by 3.9% in the 4th quarter. Bank of America Corp DE now owns 7,888,150 shares of the company’s stock valued at $401,349,000 after purchasing an additional 295,184 shares during the period. Proficio Capital Partners LLC boosted its position in shares of iShares Floating Rate Bond ETF by 2,108.2% in the 4th quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock valued at $231,716,000 after purchasing an additional 4,347,920 shares during the period. LPL Financial LLC grew its stake in iShares Floating Rate Bond ETF by 4.4% during the 4th quarter. LPL Financial LLC now owns 3,555,532 shares of the company’s stock worth $180,905,000 after buying an additional 149,228 shares during the last quarter. Finally, New York Life Investment Management LLC increased its position in iShares Floating Rate Bond ETF by 12.8% during the fourth quarter. New York Life Investment Management LLC now owns 3,055,129 shares of the company’s stock worth $155,445,000 after buying an additional 347,836 shares during the period.

iShares Floating Rate Bond ETF Trading Down 0.3%

Shares of BATS FLOT opened at $50.84 on Monday. iShares Floating Rate Bond ETF has a twelve month low of $49.75 and a twelve month high of $51.34. The stock has a 50 day moving average of $50.75 and a two-hundred day moving average of $50.89.

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.