iShares Floating Rate Bond ETF $FLOT Shares Bought by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 125.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 244,883 shares of the company’s stock after purchasing an additional 136,028 shares during the quarter. iShares Floating Rate Bond ETF comprises 0.6% of Sax Wealth Advisors LLC’s portfolio, making the stock its 29th biggest position. Sax Wealth Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $12,455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bogart Wealth LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 68.5% during the third quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock worth $25,000 after purchasing an additional 196 shares during the last quarter. Westfuller Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF in the third quarter valued at $28,000. Lowe Brockenbrough & Co. Inc. purchased a new stake in iShares Floating Rate Bond ETF in the third quarter valued at $30,000. Atlantic Union Bankshares Corp acquired a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth about $41,000. Finally, GPS Wealth Strategies Group LLC grew its position in iShares Floating Rate Bond ETF by 142.6% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 1,235 shares of the company’s stock worth $63,000 after purchasing an additional 726 shares during the period.

iShares Floating Rate Bond ETF Trading Down 0.1%

BATS FLOT opened at $50.92 on Thursday. The stock has a 50-day simple moving average of $50.94 and a two-hundred day simple moving average of $50.94. iShares Floating Rate Bond ETF has a fifty-two week low of $49.75 and a fifty-two week high of $51.34.

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.