Advocacy Wealth Management Services LLC Increases Position in iShares Floating Rate Bond ETF $FLOT

Advocacy Wealth Management Services LLC grew its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 13.7% during the second quarter, Holdings Channel reports. The firm owned 136,197 shares of the company’s stock after acquiring an additional 16,427 shares during the quarter. Advocacy Wealth Management Services LLC’s holdings in iShares Floating Rate Bond ETF were worth $6,949,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FLOT. Beaird Harris Wealth Management LLC grew its stake in shares of iShares Floating Rate Bond ETF by 0.8% during the first quarter. Beaird Harris Wealth Management LLC now owns 37,319 shares of the company’s stock worth $1,905,000 after purchasing an additional 286 shares in the last quarter. Focus Financial Network Inc. raised its stake in iShares Floating Rate Bond ETF by 32.6% in the second quarter. Focus Financial Network Inc. now owns 11,841 shares of the company’s stock valued at $604,000 after buying an additional 2,912 shares in the last quarter. Carmel Capital Partners LLC lifted its holdings in iShares Floating Rate Bond ETF by 5.3% during the 2nd quarter. Carmel Capital Partners LLC now owns 103,591 shares of the company’s stock worth $5,285,000 after buying an additional 5,255 shares during the last quarter. Wagner Wealth Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the 2nd quarter worth about $63,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of iShares Floating Rate Bond ETF by 27.9% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,418 shares of the company’s stock worth $225,000 after acquiring an additional 963 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS FLOT opened at $51.07 on Monday. iShares Floating Rate Bond ETF has a fifty-two week low of $49.75 and a fifty-two week high of $51.34. The stock’s 50-day simple moving average is $50.97 and its 200-day simple moving average is $50.95.

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.