Kensington Asset Management LLC Grows Stock Holdings in iShares Floating Rate Bond ETF $FLOT

Kensington Asset Management LLC raised its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 39.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,524,738 shares of the company’s stock after purchasing an additional 434,772 shares during the quarter. iShares Floating Rate Bond ETF accounts for about 3.6% of Kensington Asset Management LLC’s portfolio, making the stock its 11th largest position. Kensington Asset Management LLC owned about 0.87% of iShares Floating Rate Bond ETF worth $77,685,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FLOT. Evolution Wealth Management Inc. bought a new stake in shares of iShares Floating Rate Bond ETF in the 1st quarter worth about $25,000. Cornerstone Financial Management LLC bought a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at about $30,000. Quarry LP bought a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at about $36,000. Tucker Asset Management LLC bought a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at about $37,000. Finally, Bayban purchased a new position in iShares Floating Rate Bond ETF in the fourth quarter worth about $37,000.

iShares Floating Rate Bond ETF Trading Down 0.0%

FLOT opened at $51.06 on Friday. The stock has a 50-day moving average of $50.99 and a 200 day moving average of $50.94. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month high of $51.09.

iShares Floating Rate Bond ETF 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.