CoreCap Advisors LLC reduced its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 94.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,496 shares of the company’s stock after selling 40,084 shares during the period. CoreCap Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $127,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Bogart Wealth LLC raised its stake in iShares Floating Rate Bond ETF by 68.5% during the 3rd quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock worth $25,000 after acquiring an additional 196 shares during the period. Westfuller Advisors LLC bought a new position in shares of iShares Floating Rate Bond ETF in the third quarter worth approximately $28,000. Lowe Brockenbrough & Co. Inc. bought a new position in shares of iShares Floating Rate Bond ETF in the third quarter worth approximately $30,000. Atlantic Union Bankshares Corp purchased a new stake in shares of iShares Floating Rate Bond ETF in the third quarter worth $41,000. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of iShares Floating Rate Bond ETF by 142.6% in the third quarter. GPS Wealth Strategies Group LLC now owns 1,235 shares of the company’s stock worth $63,000 after purchasing an additional 726 shares in the last quarter.
iShares Floating Rate Bond ETF Stock Performance
Shares of FLOT stock opened at $50.76 on Friday. iShares Floating Rate Bond ETF has a one year low of $49.75 and a one year high of $51.34. The company’s fifty day moving average price is $50.92 and its 200-day moving average price is $50.94.
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.
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