iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 37.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 20,708 shares of the company’s stock after selling 12,142 shares during the period. Principal Financial Group Inc.’s holdings in iShares Floating Rate Bond ETF were worth $1,057,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blueprint Investment Partners LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth about $824,000. Kingswood Wealth Advisors LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 143.4% during the first quarter. Kingswood Wealth Advisors LLC now owns 10,396 shares of the company’s stock valued at $531,000 after acquiring an additional 6,124 shares during the period. Colonial Trust Advisors raised its holdings in shares of iShares Floating Rate Bond ETF by 2.1% during the fourth quarter. Colonial Trust Advisors now owns 243,175 shares of the company’s stock valued at $12,373,000 after acquiring an additional 4,992 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 10.9% during the first quarter. Dynamic Advisor Solutions LLC now owns 8,757 shares of the company’s stock valued at $447,000 after acquiring an additional 859 shares during the period. Finally, Fifth Third Bancorp increased its stake in iShares Floating Rate Bond ETF by 165.9% in the 1st quarter. Fifth Third Bancorp now owns 2,119 shares of the company’s stock valued at $108,000 after buying an additional 1,322 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $51.01 on Friday. iShares Floating Rate Bond ETF has a 12 month low of $49.75 and a 12 month high of $51.34. The company’s fifty day moving average is $50.91 and its 200-day moving average is $50.89.

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.