Brand Asset Management Group Inc. Purchases New Stake in iShares Floating Rate Bond ETF $FLOT

Brand Asset Management Group Inc. acquired a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 25,492 shares of the company’s stock, valued at approximately $1,302,000.

Several other large investors also recently added to or reduced their stakes in FLOT. Franklin Resources Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 10.8% during the 2nd quarter. Franklin Resources Inc. now owns 3,209,096 shares of the company’s stock worth $163,728,000 after acquiring an additional 313,769 shares during the period. New York Life Investment Management LLC increased its position in iShares Floating Rate Bond ETF by 24.6% during the third quarter. New York Life Investment Management LLC now owns 3,077,751 shares of the company’s stock worth $157,227,000 after purchasing an additional 607,046 shares during the last quarter. Glenview Trust Co raised its stake in iShares Floating Rate Bond ETF by 3.9% during the third quarter. Glenview Trust Co now owns 2,757,420 shares of the company’s stock worth $140,863,000 after purchasing an additional 102,353 shares during the period. Ameriprise Financial Inc. raised its stake in iShares Floating Rate Bond ETF by 5.0% during the second quarter. Ameriprise Financial Inc. now owns 2,742,216 shares of the company’s stock worth $139,257,000 after purchasing an additional 130,241 shares during the period. Finally, Glenview Trust co boosted its holdings in iShares Floating Rate Bond ETF by 5.0% in the 2nd quarter. Glenview Trust co now owns 2,655,067 shares of the company’s stock valued at $135,462,000 after purchasing an additional 125,640 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

iShares Floating Rate Bond ETF stock opened at $51.00 on Friday. The firm has a 50 day simple moving average of $50.93 and a 200-day simple moving average of $50.95. iShares Floating Rate Bond ETF has a 1-year low of $49.75 and a 1-year high of $51.34.

iShares Floating Rate Bond ETF 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.