Wealth Management Resources Inc. Has $1.88 Million Holdings in iShares Floating Rate Bond ETF (BATS:FLOT)

Wealth Management Resources Inc. lifted its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 53.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,884 shares of the company’s stock after purchasing an additional 12,909 shares during the quarter. iShares Floating Rate Bond ETF accounts for 0.7% of Wealth Management Resources Inc.’s portfolio, making the stock its 22nd largest position. Wealth Management Resources Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,883,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FLOT. Demars Financial Group LLC boosted its holdings in 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 valued at $1,935,446,000 after purchasing an additional 37,296,320 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of iShares Floating Rate Bond ETF by 2,108.2% during the 4th quarter. Proficio Capital Partners LLC now owns 4,554,163 shares of the company’s stock worth $231,716,000 after buying an additional 4,347,920 shares during the period. Raymond James Financial Inc. acquired a new stake in iShares Floating Rate Bond ETF in the 4th quarter valued at $43,863,000. JPMorgan Chase & Co. grew its position in iShares Floating Rate Bond ETF by 103.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,414,905 shares of the company’s stock valued at $71,990,000 after acquiring an additional 719,584 shares during the period. Finally, Wells Fargo & Company MN raised its stake in iShares Floating Rate Bond ETF by 21.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,658,917 shares of the company’s stock worth $135,286,000 after acquiring an additional 470,630 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS FLOT opened at $50.98 on Thursday. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34. The business has a fifty day moving average of $50.86 and a two-hundred day moving average of $50.89.

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.