Northwestern Mutual Wealth Management Co. Sells 79,832 Shares of iShares Floating Rate Bond ETF $FLOT

Northwestern Mutual Wealth Management Co. trimmed its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 56.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,321 shares of the company’s stock after selling 79,832 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Floating Rate Bond ETF were worth $3,119,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FLOT. Lowe Brockenbrough & Co. Inc. bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth approximately $30,000. Tucker Asset Management LLC bought a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at $37,000. Atlantic Union Bankshares Corp purchased a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at $41,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at $72,000. Finally, Boyd Watterson Asset Management LLC OH increased its holdings in shares of iShares Floating Rate Bond ETF by 285.9% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 1,640 shares of the company’s stock worth $83,000 after purchasing an additional 1,215 shares during the period.

iShares Floating Rate Bond ETF Trading Down 0.1%

Shares of FLOT stock opened at $50.90 on Friday. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week high of $51.09. The business’s fifty day moving average is $50.92 and its 200 day moving average is $50.92.

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.