Sowell Financial Services LLC Buys 83,043 Shares of iShares Floating Rate Bond ETF $FLOT

Sowell Financial Services LLC purchased a new stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 83,043 shares of the company’s stock, valued at approximately $4,239,000.

Other hedge funds have also recently bought and sold shares of the company. Towercrest Capital Management purchased a new stake in shares of iShares Floating Rate Bond ETF in the third quarter worth approximately $28,377,000. James Investment Research Inc. boosted its stake in shares of iShares Floating Rate Bond ETF by 10.5% during the 3rd quarter. James Investment Research Inc. now owns 207,783 shares of the company’s stock valued at $10,607,000 after buying an additional 19,815 shares during the period. Andrew Hill Investment Advisors Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 59.5% during the third quarter. Andrew Hill Investment Advisors Inc. now owns 30,537 shares of the company’s stock worth $1,559,000 after acquiring an additional 11,396 shares in the last quarter. Demars Financial Group LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 4.4% during the third quarter. Demars Financial Group LLC now owns 877,644 shares of the company’s stock worth $44,804,000 after acquiring an additional 36,592 shares in the last quarter. Finally, Monetary Solutions Ltd increased its position in iShares Floating Rate Bond ETF by 7.0% in the 3rd quarter. Monetary Solutions Ltd now owns 163,320 shares of the company’s stock worth $8,338,000 after purchasing an additional 10,740 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.1%

FLOT opened at $51.03 on Friday. The business has a 50-day moving average of $50.97 and a 200-day moving average of $50.95. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week 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.