27,889 iShares Floating Rate Bond ETF $FLOT Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC increased its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 108.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 53,497 shares of the company’s stock after purchasing an additional 27,889 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. purchased a new position in shares of iShares Floating Rate Bond ETF during the first quarter worth about $25,000. Tompkins Financial Corp acquired a new stake in shares of iShares Floating Rate Bond ETF during the third quarter worth about $25,000. NFSG Corp acquired a new stake in shares of iShares Floating Rate Bond ETF in the 3rd quarter valued at about $50,000. Global Assets Advisory LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at about $75,000. Finally, Wellington Grp LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter valued at about $75,000.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $51.00 on Tuesday. The stock’s 50 day moving average price is $50.97 and its 200 day moving average price is $50.95. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week high of $51.08.

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.