Apollon Wealth Management LLC Sells 180,712 Shares of iShares Floating Rate Bond ETF $FLOT

Apollon Wealth Management LLC trimmed its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 93.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,783 shares of the company’s stock after selling 180,712 shares during the quarter. Apollon Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $600,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FLOT. Cornerstone Financial Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $30,000. Quarry LP bought a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at approximately $36,000. Tucker Asset Management LLC acquired a new stake in iShares Floating Rate Bond ETF during the 4th quarter worth approximately $37,000. Bayban acquired a new stake in iShares Floating Rate Bond ETF during the 4th quarter worth approximately $37,000. Finally, Lavaca Capital LLC bought a new stake in iShares Floating Rate Bond ETF during the 4th quarter worth approximately $57,000.

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $50.92 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 company’s 50 day moving average price is $50.97 and its two-hundred day moving average price is $50.93.

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.