Cetera Investment Advisers Increases Position in iShares Floating Rate Bond ETF $FLOT

Cetera Investment Advisers increased its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 1.3% in the 1st quarter, Holdings Channel reports. The firm owned 1,086,284 shares of the company’s stock after buying an additional 13,784 shares during the period. Cetera Investment Advisers’ holdings in iShares Floating Rate Bond ETF were worth $55,346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Crews Bank & Trust lifted its holdings in shares of iShares Floating Rate Bond ETF by 132.3% in the 4th quarter. Crews Bank & Trust now owns 80,422 shares of the company’s stock worth $4,090,000 after acquiring an additional 45,795 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in iShares Floating Rate Bond ETF by 6.4% during the 4th quarter. Apollon Wealth Management LLC now owns 192,495 shares of the company’s stock valued at $9,790,000 after acquiring an additional 11,514 shares during the period. International Assets Investment Management LLC grew its position in iShares Floating Rate Bond ETF by 68.3% in the 4th quarter. International Assets Investment Management LLC now owns 36,337 shares of the company’s stock valued at $1,848,000 after acquiring an additional 14,752 shares during the last quarter. Sowell Financial Services LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 76.0% in the fourth quarter. Sowell Financial Services LLC now owns 65,183 shares of the company’s stock worth $3,315,000 after purchasing an additional 28,156 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in iShares Floating Rate Bond ETF by 15.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 141,418 shares of the company’s stock worth $7,193,000 after buying an additional 18,620 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $51.03 on Friday. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.09. The firm has a 50-day simple moving average of $50.98 and a 200-day simple moving average of $50.94.

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.