Fifth Third Bancorp Has $4.15 Million Stake in iShares Floating Rate Bond ETF $FLOT

Fifth Third Bancorp grew its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 3,567.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,427 shares of the company’s stock after acquiring an additional 79,207 shares during the quarter. Fifth Third Bancorp’s holdings in iShares Floating Rate Bond ETF were worth $4,149,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Evolution Wealth Management Inc. bought a new stake in iShares Floating Rate Bond ETF during the 1st quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $30,000. Quarry LP acquired a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter valued at approximately $36,000. Tucker Asset Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth $37,000. Finally, Bayban bought a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth $37,000.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT opened at $50.98 on Friday. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month high of $51.09. The company’s fifty day simple moving average is $50.98 and its 200 day simple moving average is $50.93.

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.