Alpha Zero LLC lifted its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 21.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 226,132 shares of the company’s stock after purchasing an additional 40,570 shares during the quarter. iShares Floating Rate Bond ETF accounts for about 5.8% of Alpha Zero LLC’s portfolio, making the stock its 5th largest position. Alpha Zero LLC’s holdings in iShares Floating Rate Bond ETF were worth $11,521,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new position in iShares Floating Rate Bond ETF in the 1st quarter valued at approximately $25,000. Cornerstone Financial Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth $30,000. Quarry LP acquired a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter worth $36,000. Tucker Asset Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF during the fourth quarter worth $37,000. Finally, Bayban bought a new position in shares of iShares Floating Rate Bond ETF in the 4th quarter valued at $37,000.
iShares Floating Rate Bond ETF Trading Up 0.0%
Shares of FLOT opened at $50.99 on Tuesday. iShares Floating Rate Bond ETF has a 52 week low of $50.67 and a 52 week high of $51.09. The stock has a fifty day moving average of $50.98 and a 200-day moving average of $50.94.
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.
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