Pine Valley Investments Ltd Liability Co purchased a new stake in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 38,136 shares of the company’s stock, valued at approximately $1,943,000.
Other large investors have also added to or reduced their stakes in the company. Blue Fin Capital Inc. increased its stake in iShares Floating Rate Bond ETF by 7.3% during the 1st quarter. Blue Fin Capital Inc. now owns 39,315 shares of the company’s stock worth $2,003,000 after acquiring an additional 2,687 shares during the period. WNY Asset Management LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the 1st quarter worth $11,258,000. Wellington Grp LLC acquired a new stake in shares of iShares Floating Rate Bond ETF during the 1st quarter worth $75,000. Kensington Asset Management LLC increased its position in shares of iShares Floating Rate Bond ETF by 39.9% in the first quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock worth $77,685,000 after purchasing an additional 434,772 shares during the period. Finally, Western Wealth Management LLC increased its position in shares of iShares Floating Rate Bond ETF by 14.7% in the first quarter. Western Wealth Management LLC now owns 24,027 shares of the company’s stock worth $1,224,000 after purchasing an additional 3,087 shares during the period.
iShares Floating Rate Bond ETF Stock Down 0.3%
FLOT stock opened at $50.92 on Tuesday. The business has a 50-day simple moving average of $50.99 and a 200 day simple moving average of $50.95. iShares Floating Rate Bond ETF has a 52 week low of $50.67 and a 52 week 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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