Towercrest Capital Management Decreases Position in iShares Floating Rate Bond ETF $FLOT

Towercrest Capital Management decreased its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 504,762 shares of the company’s stock after selling 23,454 shares during the quarter. iShares Floating Rate Bond ETF makes up approximately 4.6% of Towercrest Capital Management’s portfolio, making the stock its 5th biggest position. Towercrest Capital Management’s holdings in iShares Floating Rate Bond ETF were worth $25,753,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pinnacle Associates Ltd. lifted its holdings in iShares Floating Rate Bond ETF by 1.7% during the 1st quarter. Pinnacle Associates Ltd. now owns 15,061 shares of the company’s stock worth $769,000 after buying an additional 251 shares during the period. Cresset Asset Management LLC lifted its holdings in iShares Floating Rate Bond ETF by 0.6% during the 1st quarter. Cresset Asset Management LLC now owns 43,171 shares of the company’s stock worth $2,204,000 after buying an additional 252 shares during the period. Peddock Capital Advisors LLC lifted its holdings in iShares Floating Rate Bond ETF by 6.7% during the 1st quarter. Peddock Capital Advisors LLC now owns 4,247 shares of the company’s stock worth $217,000 after buying an additional 267 shares during the period. Beaird Harris Wealth Management LLC lifted its stake 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 valued at $1,905,000 after purchasing an additional 286 shares during the period. Finally, Toews Corp ADV lifted its stake in shares of iShares Floating Rate Bond ETF by 0.6% in the 2nd quarter. Toews Corp ADV now owns 49,228 shares of the company’s stock valued at $2,512,000 after purchasing an additional 304 shares during the period.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $50.84 on Tuesday. The business’s 50-day moving average is $50.97 and its 200-day moving average is $50.93. iShares Floating Rate Bond ETF has a 1 year low of $49.75 and a 1 year high of $51.34.

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.