Powers Advisory Group LLC Increases Holdings in iShares Floating Rate Bond ETF $FLOT

Powers Advisory Group LLC increased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 22.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,364 shares of the company’s stock after acquiring an additional 15,194 shares during the period. iShares Floating Rate Bond ETF makes up about 1.5% of Powers Advisory Group LLC’s investment portfolio, making the stock its 16th biggest position. Powers Advisory Group LLC’s holdings in iShares Floating Rate Bond ETF were worth $4,247,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FLOT. Financial Sense Advisors Inc. raised its holdings in iShares Floating Rate Bond ETF by 772.5% during the third quarter. Financial Sense Advisors Inc. now owns 707,462 shares of the company’s stock worth $36,141,000 after purchasing an additional 626,378 shares during the last quarter. Focus Partners Wealth grew its holdings in iShares Floating Rate Bond ETF by 5,292.9% in the fourth quarter. Focus Partners Wealth now owns 598,555 shares of the company’s stock valued at $30,443,000 after purchasing an additional 587,456 shares during the last quarter. New England Private Wealth Advisors LLC grew its holdings in iShares Floating Rate Bond ETF by 1,456.2% in the fourth quarter. New England Private Wealth Advisors LLC now owns 510,009 shares of the company’s stock valued at $25,952,000 after purchasing an additional 477,237 shares during the last quarter. Northern Trust Corp grew its holdings in iShares Floating Rate Bond ETF by 8.6% in the fourth quarter. Northern Trust Corp now owns 5,453,861 shares of the company’s stock valued at $277,383,000 after purchasing an additional 432,264 shares during the last quarter. Finally, Milestone Asset Management LLC increased its position in shares of iShares Floating Rate Bond ETF by 2,121.5% in the fourth quarter. Milestone Asset Management LLC now owns 367,231 shares of the company’s stock valued at $18,677,000 after buying an additional 350,700 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock opened at $51.05 on Friday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09. The business has a fifty day simple moving average of $50.96 and a 200-day simple moving average of $50.93.

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.