Florida Trust Wealth Management Co Cuts Position in iShares Floating Rate Bond ETF $FLOT

Florida Trust Wealth Management Co reduced its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 17.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 275,454 shares of the company’s stock after selling 57,261 shares during the period. Florida Trust Wealth Management Co’s holdings in iShares Floating Rate Bond ETF were worth $14,010,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Hartline Investment Corp increased its stake in iShares Floating Rate Bond ETF by 36.7% during the third quarter. Hartline Investment Corp now owns 1,159,242 shares of the company’s stock worth $59,220,000 after purchasing an additional 311,232 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of iShares Floating Rate Bond ETF by 475.4% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 136,390 shares of the company’s stock valued at $6,967,000 after purchasing an additional 112,686 shares during the period. Cascade Wealth Advisors Inc grew its holdings in shares of iShares Floating Rate Bond ETF by 26.3% in the third quarter. Cascade Wealth Advisors Inc now owns 246,710 shares of the company’s stock valued at $12,561,000 after purchasing an additional 51,392 shares in the last quarter. Blue Capital Inc. acquired a new position in shares of iShares Floating Rate Bond ETF in the second quarter valued at approximately $2,696,000. Finally, NTV Asset Management LLC increased its stake in iShares Floating Rate Bond ETF by 44.6% during the 3rd quarter. NTV Asset Management LLC now owns 32,621 shares of the company’s stock worth $1,666,000 after buying an additional 10,065 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

iShares Floating Rate Bond ETF stock opened at $50.76 on Friday. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34. The company’s 50 day moving average is $50.91 and its two-hundred day moving average is $50.93.

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.