Advisors Preferred LLC Invests $2.50 Million in iShares Floating Rate Bond ETF $FLOT

Advisors Preferred LLC acquired a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 49,149 shares of the company’s stock, valued at approximately $2,504,000.

Other institutional investors have also recently added to or reduced their stakes in the company. L.K. Benson & Company P.C. increased its stake in shares of iShares Floating Rate Bond ETF by 1.3% during the 4th quarter. L.K. Benson & Company P.C. now owns 16,185 shares of the company’s stock valued at $823,000 after acquiring an additional 204 shares during the last quarter. Donor Advised Charitable Giving Inc. grew its stake 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 valued at $732,000 after buying an additional 226 shares during the period. Glen Eagle Advisors LLC grew its stake in shares of iShares Floating Rate Bond ETF by 6.6% during the 4th quarter. Glen Eagle Advisors LLC now owns 3,852 shares of the company’s stock valued at $196,000 after buying an additional 237 shares during the period. 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. Finally, 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.

iShares Floating Rate Bond ETF Stock Down 0.0%

Shares of FLOT opened at $50.97 on Wednesday. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month high of $51.09. The stock’s fifty day simple moving average is $50.97 and its 200 day simple moving average is $50.93.

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.