Vericrest Private Wealth Buys Shares of 24,963 iShares Floating Rate Bond ETF $FLOT

Vericrest Private Wealth acquired a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 24,963 shares of the company’s stock, valued at approximately $1,270,000. iShares Floating Rate Bond ETF accounts for about 1.1% of Vericrest Private Wealth’s portfolio, making the stock its 22nd largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Nalls Sherbakoff Group LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at about $1,235,000. Union Savings Bank bought a new position in iShares Floating Rate Bond ETF during the 4th quarter worth approximately $793,000. Hsbc Holdings PLC acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $1,754,000. Bayban acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter valued at approximately $37,000. Finally, Compass Financial Group Inc. Ohio bought a new stake in iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $2,530,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT opened at $51.00 on Friday. The firm’s fifty day moving average is $50.95 and its two-hundred day moving average is $50.92. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month high of $51.09.

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.