Cibc World Market Inc. Has $4.79 Million Position in iShares Floating Rate Bond ETF $FLOT

Cibc World Market Inc. lowered its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 15.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,658 shares of the company’s stock after selling 17,644 shares during the quarter. Cibc World Market Inc. owned about 0.05% of iShares Floating Rate Bond ETF worth $4,785,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FLOT. Stratos Wealth Partners LTD. boosted its holdings in shares of iShares Floating Rate Bond ETF by 4.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 122,798 shares of the company’s stock worth $6,273,000 after buying an additional 5,694 shares during the period. New York Life Investment Management LLC lifted its position in iShares Floating Rate Bond ETF by 24.6% during the 3rd quarter. New York Life Investment Management LLC now owns 3,077,751 shares of the company’s stock worth $157,227,000 after acquiring an additional 607,046 shares during the last quarter. Lowe Brockenbrough & Co. Inc. bought a new stake in iShares Floating Rate Bond ETF during the third quarter valued at about $30,000. Smartleaf Asset Management LLC acquired a new stake in shares of iShares Floating Rate Bond ETF in the third quarter valued at about $605,000. Finally, Prime Capital Investment Advisors LLC increased its stake in shares of iShares Floating Rate Bond ETF by 0.5% in the third quarter. Prime Capital Investment Advisors LLC now owns 164,926 shares of the company’s stock worth $8,425,000 after purchasing an additional 792 shares during the period.

iShares Floating Rate Bond ETF Price Performance

BATS FLOT opened at $50.95 on Friday. The stock 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 twelve month low of $49.75 and a twelve month high of $51.34.

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.