iShares Floating Rate Bond ETF $FLOT is Towercrest Capital Management’s 6th Largest Position

Towercrest Capital Management cut its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 4.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 537,209 shares of the company’s stock after selling 25,689 shares during the period. iShares Floating Rate Bond ETF comprises about 4.3% of Towercrest Capital Management’s holdings, making the stock its 6th biggest holding. Towercrest Capital Management owned 0.31% of iShares Floating Rate Bond ETF worth $27,371,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Financial Sense Advisors Inc. raised its position in shares of iShares Floating Rate Bond ETF by 772.5% during the 3rd quarter. Financial Sense Advisors Inc. now owns 707,462 shares of the company’s stock worth $36,141,000 after purchasing an additional 626,378 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of iShares Floating Rate Bond ETF by 5,292.9% during the fourth quarter. Focus Partners Wealth now owns 598,555 shares of the company’s stock valued at $30,443,000 after acquiring an additional 587,456 shares during the last quarter. New England Private Wealth Advisors LLC lifted its position in shares of iShares Floating Rate Bond ETF by 1,456.2% in the fourth quarter. New England Private Wealth Advisors LLC now owns 510,009 shares of the company’s stock valued at $25,952,000 after acquiring an additional 477,237 shares in the last quarter. Northern Trust Corp lifted its position in shares of iShares Floating Rate Bond ETF by 8.6% in the fourth quarter. Northern Trust Corp now owns 5,453,861 shares of the company’s stock valued at $277,383,000 after acquiring an additional 432,264 shares in the last quarter. Finally, Milestone Asset Management LLC boosted its stake in shares of iShares Floating Rate Bond ETF by 2,121.5% in the fourth quarter. Milestone Asset Management LLC now owns 367,231 shares of the company’s stock worth $18,677,000 after acquiring an additional 350,700 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.0%

BATS FLOT traded up $0.01 during mid-day trading on Friday, hitting $50.98. The stock had a trading volume of 1,248,634 shares, compared to its average volume of 1,790,306. The firm’s 50 day moving average is $50.97 and its 200 day moving average is $50.93. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month high of $51.09.

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.