Allstate Corp Sells 26,716 Shares of iShares Floating Rate Bond ETF $FLOT

Allstate Corp decreased its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 49.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,913 shares of the company’s stock after selling 26,716 shares during the quarter. Allstate Corp’s holdings in iShares Floating Rate Bond ETF were worth $1,375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 68.5% during the third quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock worth $25,000 after buying an additional 196 shares during the last quarter. SYM FINANCIAL Corp acquired a new position in iShares Floating Rate Bond ETF during the 2nd quarter valued at $37,000. TFC Financial Management Inc. bought a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at $40,000. Wagner Wealth Management LLC acquired a new stake in iShares Floating Rate Bond ETF in the 2nd quarter worth $63,000. Finally, Caldwell Trust Co bought a new position in shares of iShares Floating Rate Bond ETF during the 2nd quarter worth about $64,000.

iShares Floating Rate Bond ETF Stock Down 0.0%

Shares of FLOT opened at $50.96 on Wednesday. The company has a 50-day simple moving average of $50.92 and a 200-day simple moving average of $50.95. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34.

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.