Bay Colony Advisory Group Inc d b a Bay Colony Advisors Increases Holdings in iShares Floating Rate Bond ETF $FLOT

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 475.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 136,390 shares of the company’s stock after purchasing an additional 112,686 shares during the quarter. iShares Floating Rate Bond ETF accounts for 0.8% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ investment portfolio, making the stock its 20th largest position. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in iShares Floating Rate Bond ETF were worth $6,967,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in FLOT. Webster Bank N. A. raised its holdings in shares of iShares Floating Rate Bond ETF by 2.6% during the 3rd quarter. Webster Bank N. A. now owns 34,966 shares of the company’s stock worth $1,786,000 after acquiring an additional 870 shares during the period. Guidance Point Advisors LLC increased its position in iShares Floating Rate Bond ETF by 2.4% during the third quarter. Guidance Point Advisors LLC now owns 16,001 shares of the company’s stock worth $818,000 after purchasing an additional 373 shares during the last quarter. Independent Solutions Wealth Management LLC raised its stake in iShares Floating Rate Bond ETF by 11.9% during the third quarter. Independent Solutions Wealth Management LLC now owns 59,761 shares of the company’s stock worth $3,053,000 after purchasing an additional 6,371 shares during the period. Financial Advisory Partners LLC boosted its holdings in iShares Floating Rate Bond ETF by 3.1% in the 3rd quarter. Financial Advisory Partners LLC now owns 234,114 shares of the company’s stock valued at $11,960,000 after purchasing an additional 6,958 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in iShares Floating Rate Bond ETF in the 3rd quarter valued at about $204,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT opened at $50.92 on Friday. The company has a 50 day simple moving average of $50.91 and a 200-day simple moving average of $50.95. 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 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.