iShares Floating Rate Bond ETF $FLOT Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,798,640 shares of the company’s stock after selling 185,152 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Floating Rate Bond ETF were worth $91,479,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Cascade Wealth Advisors Inc grew its holdings in iShares Floating Rate Bond ETF by 26.3% during the third quarter. Cascade Wealth Advisors Inc now owns 246,710 shares of the company’s stock worth $12,561,000 after acquiring an additional 51,392 shares during the period. Elmwood Wealth Management Inc. lifted its holdings in iShares Floating Rate Bond ETF by 49.1% in the third quarter. Elmwood Wealth Management Inc. now owns 59,913 shares of the company’s stock valued at $3,061,000 after acquiring an additional 19,725 shares during the period. Crews Bank & Trust boosted its position in iShares Floating Rate Bond ETF by 132.3% in the 4th quarter. Crews Bank & Trust now owns 80,422 shares of the company’s stock worth $4,090,000 after purchasing an additional 45,795 shares in the last quarter. Assetmark Inc. boosted its position in iShares Floating Rate Bond ETF by 0.7% in the 3rd quarter. Assetmark Inc. now owns 1,839,990 shares of the company’s stock worth $93,996,000 after purchasing an additional 12,153 shares in the last quarter. Finally, Glenview Trust Co grew its stake in shares of iShares Floating Rate Bond ETF by 3.9% during the 3rd 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.

iShares Floating Rate Bond ETF Stock Up 0.1%

Shares of BATS FLOT opened at $51.03 on Thursday. The firm’s 50 day simple moving average is $50.89 and its 200-day simple moving average is $50.92. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month 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.