M Holdings Securities Inc. Makes New Investment in iShares Floating Rate Bond ETF $FLOT

M Holdings Securities Inc. purchased a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) in the third quarter, HoldingsChannel reports. The fund purchased 23,516 shares of the company’s stock, valued at approximately $1,200,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Glenview Trust Co grew its stake in iShares Floating Rate Bond ETF by 3.4% during the 3rd quarter. Glenview Trust Co now owns 3,253,697 shares of the company’s stock valued at $166,101,000 after purchasing an additional 107,720 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 12.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,029,454 shares of the company’s stock worth $103,401,000 after purchasing an additional 230,814 shares during the last quarter. Assetmark Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 2.4% in the first quarter. Assetmark Inc. now owns 1,965,478 shares of the company’s stock worth $100,141,000 after purchasing an additional 46,823 shares during the last quarter. Kensington Asset Management LLC raised its stake in shares of iShares Floating Rate Bond ETF by 39.9% in the first quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock worth $77,685,000 after purchasing an additional 434,772 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of iShares Floating Rate Bond ETF by 1.3% in the first quarter. Cetera Investment Advisers now owns 1,086,284 shares of the company’s stock worth $55,346,000 after purchasing an additional 13,784 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.1%

iShares Floating Rate Bond ETF stock opened at $50.87 on Tuesday. iShares Floating Rate Bond ETF has a 52 week low of $50.67 and a 52 week high of $51.08. The stock has a 50-day moving average price of $50.95 and a 200 day moving average price of $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.