Carmel Capital Partners LLC Reduces Stock Position in iShares Floating Rate Bond ETF $FLOT

Carmel Capital Partners LLC trimmed its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 96.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,128 shares of the company’s stock after selling 99,463 shares during the period. Carmel Capital Partners LLC’s holdings in iShares Floating Rate Bond ETF were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FLOT. Bogart Wealth LLC grew its position in iShares Floating Rate Bond ETF by 68.5% in the 3rd quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock worth $25,000 after purchasing an additional 196 shares during the period. SYM FINANCIAL Corp bought a new position in shares of iShares Floating Rate Bond ETF during the 2nd quarter valued at $37,000. TFC Financial Management Inc. purchased a new position in shares of iShares Floating Rate Bond ETF in the 2nd quarter worth $40,000. Wagner Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF in the second quarter worth $63,000. Finally, Caldwell Trust Co purchased a new stake in iShares Floating Rate Bond ETF during the second quarter valued at $64,000.

iShares Floating Rate Bond ETF Price Performance

FLOT stock opened at $51.02 on Friday. The business’s 50-day moving average is $50.92 and its two-hundred day moving average is $50.95. iShares Floating Rate Bond ETF has a fifty-two week low of $49.75 and a fifty-two week high of $51.34.

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.