Bright Futures Wealth Management LLC. Invests $1.45 Million in iShares Floating Rate Bond ETF $FLOT

Bright Futures Wealth Management LLC. purchased a new stake in iShares Floating Rate Bond ETF (BATS:FLOT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,409 shares of the company’s stock, valued at approximately $1,451,000. iShares Floating Rate Bond ETF comprises 1.1% of Bright Futures Wealth Management LLC.’s investment portfolio, making the stock its 26th largest position.

A number of other hedge funds have also recently bought and sold shares of the business. Franklin Resources Inc. increased its holdings in iShares Floating Rate Bond ETF by 10.8% during the 2nd quarter. Franklin Resources Inc. now owns 3,209,096 shares of the company’s stock worth $163,728,000 after purchasing an additional 313,769 shares during the last quarter. New York Life Investment Management LLC grew its position in shares of iShares Floating Rate Bond ETF by 24.6% during the third quarter. New York Life Investment Management LLC now owns 3,077,751 shares of the company’s stock worth $157,227,000 after buying an additional 607,046 shares in the last quarter. Glenview Trust Co grew its position in shares of iShares Floating Rate Bond ETF by 3.9% during the third quarter. Glenview Trust Co now owns 2,757,420 shares of the company’s stock worth $140,863,000 after buying an additional 102,353 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 5.0% in the second quarter. Ameriprise Financial Inc. now owns 2,742,216 shares of the company’s stock worth $139,257,000 after buying an additional 130,241 shares during the last quarter. Finally, Glenview Trust co increased its position in shares of iShares Floating Rate Bond ETF by 5.0% in the 2nd quarter. Glenview Trust co now owns 2,655,067 shares of the company’s stock worth $135,462,000 after purchasing an additional 125,640 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Down 0.1%

Shares of FLOT stock opened at $51.00 on Monday. iShares Floating Rate Bond ETF has a one year low of $49.75 and a one year high of $51.34. The company’s 50-day simple moving average is $50.93 and its 200-day simple moving average is $50.95.

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.