Comerica Bank Sells 289,302 Shares of iShares Floating Rate Bond ETF $FLOT

Comerica Bank trimmed its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 77.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 81,974 shares of the company’s stock after selling 289,302 shares during the period. Comerica Bank’s holdings in iShares Floating Rate Bond ETF were worth $4,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its holdings in iShares Floating Rate Bond ETF by 68.5% in the 3rd quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock worth $25,000 after acquiring an additional 196 shares during the last quarter. Donor Advised Charitable Giving Inc. increased its position in shares of iShares Floating Rate Bond ETF by 1.6% in the fourth quarter. Donor Advised Charitable Giving Inc. now owns 14,388 shares of the company’s stock valued at $732,000 after acquiring an additional 226 shares during the period. Ascent Group LLC raised its stake in shares of iShares Floating Rate Bond ETF by 5.0% during the fourth quarter. Ascent Group LLC now owns 5,660 shares of the company’s stock valued at $288,000 after acquiring an additional 272 shares during the last quarter. Frisch Financial Group Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 1.2% during the third quarter. Frisch Financial Group Inc. now owns 22,368 shares of the company’s stock valued at $1,143,000 after acquiring an additional 274 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 7.0% during the second quarter. IHT Wealth Management LLC now owns 4,638 shares of the company’s stock worth $237,000 after purchasing an additional 302 shares during the period.

iShares Floating Rate Bond ETF Price Performance

BATS FLOT opened at $50.86 on Friday. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.09. The business’s 50-day moving average is $50.89 and its 200 day moving average is $50.92.

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.