Compass Financial Group Inc. Ohio Invests $2.53 Million in iShares Floating Rate Bond ETF $FLOT

Compass Financial Group Inc. Ohio purchased a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 49,735 shares of the company’s stock, valued at approximately $2,530,000. iShares Floating Rate Bond ETF makes up approximately 1.9% of Compass Financial Group Inc. Ohio’s investment portfolio, making the stock its 18th largest holding.

A number of other hedge funds have also recently bought and sold shares of FLOT. Cornerstone Financial Management LLC bought a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at about $30,000. Quarry LP bought a new position in iShares Floating Rate Bond ETF during the 4th quarter worth $36,000. Tucker Asset Management LLC bought a new position in iShares Floating Rate Bond ETF during the 4th quarter worth $37,000. Lavaca Capital LLC acquired a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at $57,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at $83,000.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $51.00 on Friday. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09. The stock has a fifty day moving average price of $50.95 and a 200-day moving average price of $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.