BNP Paribas Financial Markets Reduces Stock Position in iShares Floating Rate Bond ETF $FLOT

BNP Paribas Financial Markets lowered its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 22.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 187,162 shares of the company’s stock after selling 54,277 shares during the quarter. BNP Paribas Financial Markets’ holdings in iShares Floating Rate Bond ETF were worth $9,519,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC grew its position in shares of iShares Floating Rate Bond ETF by 6.1% during the 4th quarter. Impact Partnership Wealth LLC now owns 29,346 shares of the company’s stock valued at $1,493,000 after acquiring an additional 1,681 shares during the period. Cherry Tree Wealth Management LLC grew its position in shares of iShares Floating Rate Bond ETF by 7.9% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 4,109 shares of the company’s stock valued at $209,000 after acquiring an additional 300 shares during the period. Foundations Investment Advisors LLC grew its position in shares of iShares Floating Rate Bond ETF by 8.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 122,549 shares of the company’s stock valued at $6,233,000 after acquiring an additional 9,929 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 3.4% during the 4th quarter. Thoroughbred Financial Services LLC now owns 10,971 shares of the company’s stock valued at $558,000 after buying an additional 357 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter valued at $97,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT opened at $50.93 on Tuesday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09. The firm’s fifty day moving average is $50.92 and its 200 day moving average is $50.92.

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.