Valmark Advisers Inc. Increases Position in iShares Floating Rate Bond ETF $FLOT

Valmark Advisers Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 110.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,444 shares of the company’s stock after acquiring an additional 15,485 shares during the period. Valmark Advisers Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,502,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FLOT. Two West Capital Advisors LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 1.6% in the 1st quarter. Two West Capital Advisors LLC now owns 12,930 shares of the company’s stock worth $651,000 after acquiring an additional 200 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of iShares Floating Rate Bond ETF by 13.0% in the 1st quarter. Spire Wealth Management now owns 1,880 shares of the company’s stock worth $96,000 after acquiring an additional 217 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of iShares Floating Rate Bond ETF by 1.7% in the 1st quarter. Pinnacle Associates Ltd. now owns 15,061 shares of the company’s stock worth $769,000 after acquiring an additional 251 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 0.6% in the 1st quarter. Cresset Asset Management LLC now owns 43,171 shares of the company’s stock worth $2,204,000 after acquiring an additional 252 shares during the last quarter. Finally, Bluesphere Advisors LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 0.8% in the 1st quarter. Bluesphere Advisors LLC now owns 33,745 shares of the company’s stock worth $1,723,000 after acquiring an additional 260 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT stock opened at $50.95 on Thursday. iShares Floating Rate Bond ETF has a one year low of $49.75 and a one year high of $51.34. The firm’s 50 day moving average price is $50.97 and its 200-day moving average price is $50.89.

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.