Bank of Montreal Can decreased its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 18.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,526 shares of the company’s stock after selling 4,057 shares during the period. Bank of Montreal Can’s holdings in iShares Floating Rate Bond ETF were worth $894,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the company. Tompkins Financial Corp bought a new position in iShares Floating Rate Bond ETF during the 2nd quarter valued at about $25,000. NorthRock Partners LLC lifted its stake in iShares Floating Rate Bond ETF by 269.5% in the first quarter. NorthRock Partners LLC now owns 521 shares of the company’s stock worth $27,000 after purchasing an additional 380 shares during the last quarter. SYM FINANCIAL Corp purchased a new position in shares of iShares Floating Rate Bond ETF during the second quarter valued at approximately $37,000. TFC Financial Management Inc. bought a new position in shares of iShares Floating Rate Bond ETF during the second quarter valued at approximately $40,000. Finally, SVB Wealth LLC bought a new position in shares of iShares Floating Rate Bond ETF during the first quarter valued at approximately $43,000.
iShares Floating Rate Bond ETF Price Performance
Shares of FLOT stock opened at $50.98 on Friday. The stock has a 50 day moving average price of $50.96 and a 200 day moving average price of $50.94. iShares Floating Rate Bond ETF has a 52-week low of $49.75 and a 52-week high of $51.34.
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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