Hsbc Holdings PLC bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,492 shares of the company’s stock, valued at approximately $1,754,000.
Several other hedge funds also recently modified their holdings of the stock. Cornerstone Financial Management LLC purchased a new stake in iShares Floating Rate Bond ETF in the 4th quarter valued at $30,000. Quarry LP purchased a new position in iShares Floating Rate Bond ETF during the 4th quarter worth $36,000. Tucker Asset Management LLC purchased a new position in iShares Floating Rate Bond ETF during the 4th quarter worth $37,000. Bayban bought a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter worth $37,000. Finally, Lavaca Capital LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at about $57,000.
iShares Floating Rate Bond ETF Price Performance
FLOT opened at $51.05 on Wednesday. The company’s 50-day moving average is $50.97 and its 200 day moving average is $50.93. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09.
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.
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Want to see what other hedge funds are holding FLOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Floating Rate Bond ETF (BATS:FLOT – Free Report).
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