Assetmark Inc. Raises Stake in iShares Floating Rate Bond ETF $FLOT

Assetmark Inc. increased its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,839,990 shares of the company’s stock after buying an additional 12,153 shares during the quarter. Assetmark Inc. owned about 1.05% of iShares Floating Rate Bond ETF worth $93,996,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FLOT. Bogart Wealth LLC raised its position in iShares Floating Rate Bond ETF by 68.5% in the third quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock worth $25,000 after acquiring an additional 196 shares in the last quarter. Westfuller Advisors LLC purchased a new stake in iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $28,000. Lowe Brockenbrough & Co. Inc. acquired a new position in iShares Floating Rate Bond ETF in the 3rd quarter valued at $30,000. SYM FINANCIAL Corp acquired a new stake in shares of iShares Floating Rate Bond ETF in the second quarter worth approximately $37,000. Finally, TFC Financial Management Inc. acquired a new position in iShares Floating Rate Bond ETF during the second quarter worth approximately $40,000.

iShares Floating Rate Bond ETF Price Performance

Shares of BATS FLOT opened at $50.94 on Friday. The firm has a fifty day moving average of $50.92 and a 200-day 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.