Beacon Financial Group Boosts Stake in iShares Floating Rate Bond ETF $FLOT

Beacon Financial Group raised its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 22.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,810 shares of the company’s stock after buying an additional 11,133 shares during the quarter. Beacon Financial Group’s holdings in iShares Floating Rate Bond ETF were worth $3,047,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Money Concepts Capital Corp boosted its stake in shares of iShares Floating Rate Bond ETF by 1,208.2% during the first quarter. Money Concepts Capital Corp now owns 70,763 shares of the company’s stock valued at $3,605,000 after acquiring an additional 65,354 shares during the last quarter. Summit Portfolio Management LTD. purchased a new stake in iShares Floating Rate Bond ETF during the 1st quarter worth about $11,314,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in iShares Floating Rate Bond ETF by 28.2% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 82,235 shares of the company’s stock worth $4,190,000 after purchasing an additional 18,112 shares in the last quarter. Ascent Advisors LLC acquired a new position in iShares Floating Rate Bond ETF in the 1st quarter valued at about $540,000. Finally, Penobscot Investment Management Company Inc. raised its stake in iShares Floating Rate Bond ETF by 3.9% in the 1st quarter. Penobscot Investment Management Company Inc. now owns 173,959 shares of the company’s stock valued at $8,863,000 after purchasing an additional 6,590 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $50.97 on Friday. The company’s 50-day moving average is $50.97 and its two-hundred day moving average is $50.93. iShares Floating Rate Bond ETF has a 12-month low of $50.67 and a 12-month high of $51.09.

iShares Floating Rate Bond ETF Company 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.