Blue Capital Inc. Invests $2.70 Million in iShares Floating Rate Bond ETF $FLOT

Blue Capital Inc. bought a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 52,847 shares of the company’s stock, valued at approximately $2,696,000. iShares Floating Rate Bond ETF makes up approximately 1.9% of Blue Capital Inc.’s portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Ameriprise Financial Inc. grew its stake in iShares Floating Rate Bond ETF by 5.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,742,216 shares of the company’s stock valued at $139,257,000 after purchasing an additional 130,241 shares during the period. MGB Wealth Management LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 4.5% in the 2nd quarter. MGB Wealth Management LLC now owns 20,987 shares of the company’s stock worth $1,071,000 after buying an additional 900 shares during the last quarter. Ausdal Financial Partners Inc. boosted its holdings in shares of iShares Floating Rate Bond ETF by 30.6% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 22,304 shares of the company’s stock worth $1,138,000 after buying an additional 5,231 shares during the last quarter. Raymond James Financial Inc. grew its position in iShares Floating Rate Bond ETF by 13.7% during the second quarter. Raymond James Financial Inc. now owns 1,124,339 shares of the company’s stock valued at $57,364,000 after buying an additional 135,488 shares during the period. Finally, Transamerica Financial Advisors LLC increased its holdings in iShares Floating Rate Bond ETF by 5.8% during the second quarter. Transamerica Financial Advisors LLC now owns 53,539 shares of the company’s stock worth $2,732,000 after buying an additional 2,934 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.1%

Shares of FLOT stock opened at $50.95 on Friday. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34. The firm’s 50-day simple moving average is $50.96 and its two-hundred day simple moving average is $50.95.

iShares Floating Rate Bond ETF 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.