Baker Avenue Asset Management LP Decreases Stock Holdings in iShares Floating Rate Bond ETF $FLOT

Baker Avenue Asset Management LP trimmed its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 97.6% during the fourth quarter, HoldingsChannel reports. The firm owned 8,783 shares of the company’s stock after selling 363,917 shares during the period. Baker Avenue Asset Management LP’s holdings in iShares Floating Rate Bond ETF were worth $447,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. L.K. Benson & Company P.C. lifted its stake in iShares Floating Rate Bond ETF by 1.3% in the 4th quarter. L.K. Benson & Company P.C. now owns 16,185 shares of the company’s stock worth $823,000 after purchasing an additional 204 shares in the last quarter. Donor Advised Charitable Giving Inc. increased its holdings in shares of iShares Floating Rate Bond ETF by 1.6% during the 4th quarter. Donor Advised Charitable Giving Inc. now owns 14,388 shares of the company’s stock worth $732,000 after buying an additional 226 shares during the last quarter. North Star Investment Management Corp. increased its holdings in shares of iShares Floating Rate Bond ETF by 18.6% during the 4th quarter. North Star Investment Management Corp. now owns 1,731 shares of the company’s stock worth $88,000 after buying an additional 271 shares during the last quarter. Ascent Group LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 5.0% during the 4th quarter. Ascent Group LLC now owns 5,660 shares of the company’s stock worth $288,000 after buying an additional 272 shares during the last quarter. Finally, Frisch Financial Group Inc. increased its holdings in shares of iShares Floating Rate Bond ETF by 1.2% during the 3rd quarter. Frisch Financial Group Inc. now owns 22,368 shares of the company’s stock worth $1,143,000 after buying an additional 274 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT opened at $51.04 on Friday. The company has a 50 day simple moving average of $50.92 and a 200-day simple moving average of $50.92. iShares Floating Rate Bond ETF has a 1 year low of $50.67 and a 1 year high of $51.09.

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.