iShares Floating Rate Bond ETF $FLOT Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC reduced its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 46.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 37,027 shares of the company’s stock after selling 32,294 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,892,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Beaird Harris Wealth Management LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 0.8% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 37,319 shares of the company’s stock worth $1,905,000 after acquiring an additional 286 shares during the period. Blue Capital Inc. purchased a new stake in iShares Floating Rate Bond ETF during the second quarter worth $2,696,000. Focus Financial Network Inc. grew its holdings in iShares Floating Rate Bond ETF by 32.6% in the second quarter. Focus Financial Network Inc. now owns 11,841 shares of the company’s stock valued at $604,000 after purchasing an additional 2,912 shares during the last quarter. Carmel Capital Partners LLC increased its position in shares of iShares Floating Rate Bond ETF by 5.3% in the second quarter. Carmel Capital Partners LLC now owns 103,591 shares of the company’s stock valued at $5,285,000 after buying an additional 5,255 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 27.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,418 shares of the company’s stock worth $225,000 after buying an additional 963 shares during the last quarter.

iShares Floating Rate Bond ETF Trading Down 0.3%

iShares Floating Rate Bond ETF stock opened at $50.82 on Tuesday. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34. The firm’s 50-day simple moving average is $50.94 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.