Ascentis Independent Advisors Acquires 23,172 Shares of iShares Floating Rate Bond ETF $FLOT

Ascentis Independent Advisors raised its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 50.1% during the 1st quarter, HoldingsChannel reports. The fund owned 69,438 shares of the company’s stock after acquiring an additional 23,172 shares during the quarter. Ascentis Independent Advisors’ holdings in iShares Floating Rate Bond ETF were worth $3,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Evolution Wealth Management Inc. bought a new position in shares of iShares Floating Rate Bond ETF in the first quarter worth about $25,000. Cornerstone Financial Management LLC bought a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter valued at approximately $30,000. Quarry LP bought a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter valued at approximately $36,000. Tucker Asset Management LLC purchased a new stake in iShares Floating Rate Bond ETF in the 4th quarter worth approximately $37,000. Finally, Bayban purchased a new stake in iShares Floating Rate Bond ETF in the 4th quarter worth approximately $37,000.

iShares Floating Rate Bond ETF Stock Performance

BATS FLOT opened at $50.92 on Monday. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month high of $51.09. The company’s 50 day moving average is $50.97 and its two-hundred day 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.