Adams Wealth Management Decreases Stock Position in iShares Floating Rate Bond ETF $FLOT

Adams Wealth Management decreased its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 24.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,072 shares of the company’s stock after selling 19,317 shares during the quarter. Adams Wealth Management’s holdings in iShares Floating Rate Bond ETF were worth $3,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FLOT. Cresset Asset Management LLC lifted its holdings in iShares Floating Rate Bond ETF by 0.6% in the 1st quarter. Cresset Asset Management LLC now owns 43,171 shares of the company’s stock worth $2,204,000 after buying an additional 252 shares in the last quarter. Hohimer Wealth Management LLC grew its stake in shares of iShares Floating Rate Bond ETF by 2.9% during the second quarter. Hohimer Wealth Management LLC now owns 9,491 shares of the company’s stock valued at $484,000 after acquiring an additional 271 shares in the last quarter. Beaird Harris Wealth Management LLC increased its position in shares of iShares Floating Rate Bond ETF by 0.8% during the first quarter. Beaird Harris Wealth Management LLC now owns 37,319 shares of the company’s stock worth $1,905,000 after acquiring an additional 286 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of iShares Floating Rate Bond ETF by 7.0% in the second quarter. IHT Wealth Management LLC now owns 4,638 shares of the company’s stock worth $237,000 after acquiring an additional 302 shares in the last quarter. Finally, Toews Corp ADV lifted its stake in shares of iShares Floating Rate Bond ETF by 0.6% in the second quarter. Toews Corp ADV now owns 49,228 shares of the company’s stock worth $2,512,000 after acquiring an additional 304 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS FLOT opened at $50.95 on Monday. The business has a 50 day moving average price of $50.96 and a two-hundred day moving average price of $50.95. iShares Floating Rate Bond ETF has a fifty-two week low of $49.75 and a fifty-two 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.