Gateway Wealth Partners LLC Purchases 14,242 Shares of iShares Floating Rate Bond ETF $FLOT

Gateway Wealth Partners LLC grew its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 195.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,520 shares of the company’s stock after buying an additional 14,242 shares during the quarter. Gateway Wealth Partners LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,096,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of iShares Floating Rate Bond ETF by 0.6% during the third quarter. Bank of America Corp DE now owns 8,849,172 shares of the company’s stock valued at $452,060,000 after buying an additional 49,559 shares during the period. Morgan Stanley grew its holdings in iShares Floating Rate Bond ETF by 1.2% during the 4th quarter. Morgan Stanley now owns 6,136,314 shares of the company’s stock worth $312,093,000 after acquiring an additional 71,189 shares in the last quarter. Northern Trust Corp grew its holdings in iShares Floating Rate Bond ETF by 8.6% during the 4th quarter. Northern Trust Corp now owns 5,453,861 shares of the company’s stock worth $277,383,000 after acquiring an additional 432,264 shares in the last quarter. Wells Fargo & Company MN increased its position in iShares Floating Rate Bond ETF by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,254,227 shares of the company’s stock valued at $165,510,000 after purchasing an additional 31,384 shares during the period. Finally, New York Life Investment Management LLC increased its position in iShares Floating Rate Bond ETF by 1.8% during the 4th quarter. New York Life Investment Management LLC now owns 3,133,476 shares of the company’s stock valued at $159,369,000 after purchasing an additional 55,725 shares during the period.

iShares Floating Rate Bond ETF Stock Down 0.1%

Shares of FLOT opened at $51.01 on Thursday. The company has a 50 day moving average price of $50.99 and a 200-day moving average price of $50.94. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09.

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.