iShares Floating Rate Bond ETF $FLOT Position Boosted by RMG Wealth Management LLC

RMG Wealth Management LLC boosted its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 7.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 509,191 shares of the company’s stock after buying an additional 33,618 shares during the period. iShares Floating Rate Bond ETF comprises 3.6% of RMG Wealth Management LLC’s holdings, making the stock its 8th biggest position. RMG Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $25,979,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Franklin Resources Inc. boosted 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 valued at $163,728,000 after purchasing an additional 313,769 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares Floating Rate Bond ETF by 5.0% in the second quarter. Ameriprise Financial Inc. now owns 2,742,216 shares of the company’s stock worth $139,257,000 after buying an additional 130,241 shares in the last quarter. Glenview Trust co boosted its stake in iShares Floating Rate Bond ETF by 5.0% during the second quarter. Glenview Trust co now owns 2,655,067 shares of the company’s stock valued at $135,462,000 after buying an additional 125,640 shares during the last quarter. Flputnam Investment Management Co. increased its stake in iShares Floating Rate Bond ETF by 32.9% in the 3rd quarter. Flputnam Investment Management Co. now owns 1,614,802 shares of the company’s stock worth $82,492,000 after acquiring an additional 399,436 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in iShares Floating Rate Bond ETF by 7.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,474,559 shares of the company’s stock worth $75,232,000 after acquiring an additional 108,053 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Up 0.1%

Shares of FLOT opened at $51.02 on Friday. iShares Floating Rate Bond ETF has a 1 year low of $49.75 and a 1 year high of $51.34. The business’s 50 day simple moving average is $50.92 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.