Cadence Bank Has $9.05 Million Stock Holdings in iShares Floating Rate Bond ETF $FLOT

Cadence Bank boosted its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 20.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 177,059 shares of the company’s stock after acquiring an additional 30,138 shares during the quarter. Cadence Bank owned 0.10% of iShares Floating Rate Bond ETF worth $9,045,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hartline Investment Corp increased its stake in shares of iShares Floating Rate Bond ETF by 36.7% during the 3rd quarter. Hartline Investment Corp now owns 1,159,242 shares of the company’s stock worth $59,220,000 after purchasing an additional 311,232 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in iShares Floating Rate Bond ETF by 475.4% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 136,390 shares of the company’s stock valued at $6,967,000 after purchasing an additional 112,686 shares during the last quarter. Cascade Wealth Advisors Inc grew its holdings in iShares Floating Rate Bond ETF by 26.3% during the third quarter. Cascade Wealth Advisors Inc now owns 246,710 shares of the company’s stock valued at $12,561,000 after purchasing an additional 51,392 shares during the period. Blue Capital Inc. bought a new position in iShares Floating Rate Bond ETF during the second quarter valued at $2,696,000. Finally, NTV Asset Management LLC increased its position in iShares Floating Rate Bond ETF by 44.6% in the third quarter. NTV Asset Management LLC now owns 32,621 shares of the company’s stock worth $1,666,000 after buying an additional 10,065 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of FLOT opened at $50.79 on Friday. iShares Floating Rate Bond ETF has a 1 year low of $49.75 and a 1 year high of $51.34. The stock’s fifty day moving average price is $50.94 and its two-hundred day moving average price is $50.94.

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.