Financial Advisory Partners LLC Grows Position in iShares Floating Rate Bond ETF $FLOT

Financial Advisory Partners LLC grew its position in iShares Floating Rate Bond ETF (BATS:FLOT) by 11.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 261,316 shares of the company’s stock after buying an additional 27,202 shares during the period. iShares Floating Rate Bond ETF accounts for about 3.7% of Financial Advisory Partners LLC’s portfolio, making the stock its 6th largest position. Financial Advisory Partners LLC owned approximately 0.15% of iShares Floating Rate Bond ETF worth $13,291,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bogart Wealth LLC boosted its holdings in shares of iShares Floating Rate Bond ETF by 68.5% in the 3rd quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock valued at $25,000 after buying an additional 196 shares in the last quarter. Westfuller Advisors LLC acquired a new stake in iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $28,000. Lowe Brockenbrough & Co. Inc. acquired a new stake in iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $30,000. Atlantic Union Bankshares Corp acquired a new stake in iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $41,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in iShares Floating Rate Bond ETF by 142.6% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 1,235 shares of the company’s stock worth $63,000 after purchasing an additional 726 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $50.87 on Monday. The firm has a 50 day moving average of $50.90 and a 200 day moving average of $50.93. iShares Floating Rate Bond ETF has a 52 week low of $50.12 and a 52 week high of $51.09.

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.