Farmers & Merchants Trust Co of Chambersburg PA Raises Stock Holdings in iShares Floating Rate Bond ETF $FLOT

Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 32.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 53,600 shares of the company’s stock after acquiring an additional 13,261 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in iShares Floating Rate Bond ETF were worth $2,738,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Tompkins Financial Corp bought a new stake in shares of iShares Floating Rate Bond ETF during the second quarter worth $25,000. SYM FINANCIAL Corp bought a new position in iShares Floating Rate Bond ETF in the 2nd quarter worth about $37,000. TFC Financial Management Inc. purchased a new position in shares of iShares Floating Rate Bond ETF during the second quarter worth approximately $40,000. Wagner Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the second quarter valued at approximately $63,000. Finally, Caldwell Trust Co purchased a new stake in shares of iShares Floating Rate Bond ETF in the second quarter valued at approximately $64,000.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS:FLOT opened at $50.92 on Monday. The business’s 50 day moving average is $50.91 and its 200 day moving average is $50.95. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week 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.