Ascent Advisors LLC Buys New Stake in iShares Floating Rate Bond ETF $FLOT

Ascent Advisors LLC purchased a new position in iShares Floating Rate Bond ETF (BATS:FLOT) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,657 shares of the company’s stock, valued at approximately $540,000. iShares Floating Rate Bond ETF makes up approximately 0.9% of Ascent Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Crews Bank & Trust grew its stake in shares of iShares Floating Rate Bond ETF by 132.3% in the 4th quarter. Crews Bank & Trust now owns 80,422 shares of the company’s stock worth $4,090,000 after buying an additional 45,795 shares in the last quarter. Shira Ridge Wealth Management raised its position in shares of iShares Floating Rate Bond ETF by 73.6% during the 4th quarter. Shira Ridge Wealth Management now owns 138,733 shares of the company’s stock valued at $7,056,000 after buying an additional 58,813 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of iShares Floating Rate Bond ETF by 6.4% during the 4th quarter. Apollon Wealth Management LLC now owns 192,495 shares of the company’s stock valued at $9,790,000 after buying an additional 11,514 shares in the last quarter. Sowell Financial Services LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 76.0% in the 4th quarter. Sowell Financial Services LLC now owns 65,183 shares of the company’s stock valued at $3,315,000 after acquiring an additional 28,156 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 68.3% in the 4th quarter. International Assets Investment Management LLC now owns 36,337 shares of the company’s stock valued at $1,848,000 after acquiring an additional 14,752 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS FLOT opened at $50.95 on Thursday. The business’s 50 day moving average is $50.97 and its two-hundred day moving average is $50.93. iShares Floating Rate Bond ETF has a 1-year low of $50.67 and a 1-year 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.