ProCore Advisors LLC Acquires New Stake in iShares Floating Rate Bond ETF $FLOT

ProCore Advisors LLC acquired a new position in iShares Floating Rate Bond ETF (BATS:FLOT) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 26,951 shares of the company’s stock, valued at approximately $1,376,000. iShares Floating Rate Bond ETF accounts for about 1.6% of ProCore Advisors LLC’s portfolio, making the stock its 12th largest holding.

Other large investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. bought a new position in iShares Floating Rate Bond ETF in the 1st quarter valued at $25,000. Tompkins Financial Corp acquired a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at $25,000. Bayban acquired a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at $37,000. Global Assets Advisory LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at $75,000. Finally, Wellington Grp LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the first quarter worth $75,000.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT opened at $50.95 on Wednesday. iShares Floating Rate Bond ETF has a 12-month low of $50.67 and a 12-month high of $51.08. The stock’s fifty day simple moving average is $50.96 and its 200-day simple moving average is $50.95.

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.