Mcmorgan & Co. LLC cut its stake in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 55.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 297,261 shares of the company’s stock after selling 367,795 shares during the period. iShares Floating Rate Bond ETF makes up approximately 2.5% of Mcmorgan & Co. LLC’s holdings, making the stock its 14th largest holding. Mcmorgan & Co. LLC owned about 0.17% of iShares Floating Rate Bond ETF worth $15,145,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Evolution Wealth Management Inc. purchased a new stake in shares of iShares Floating Rate Bond ETF during the 1st quarter worth approximately $25,000. Cornerstone Financial Management LLC purchased a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at approximately $30,000. Quarry LP purchased a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at approximately $36,000. Tucker Asset Management LLC acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter worth $37,000. Finally, Bayban acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter worth $37,000.
iShares Floating Rate Bond ETF Stock Performance
FLOT opened at $50.97 on Thursday. The business’s fifty day moving average is $50.97 and its two-hundred day moving average is $50.93. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.09.
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.
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