Beacon Financial Group lessened its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 215,324 shares of the company’s stock after selling 20,544 shares during the period. iShares Floating Rate Bond ETF comprises about 1.2% of Beacon Financial Group’s holdings, making the stock its 16th biggest position. Beacon Financial Group’s holdings in iShares Floating Rate Bond ETF were worth $10,956,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Logan Capital Management Inc. purchased a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter valued at $25,000. Darwin Wealth Management LLC bought a new stake in iShares Floating Rate Bond ETF in the 3rd quarter valued at about $27,000. Eastern Bank purchased a new stake in iShares Floating Rate Bond ETF during the third quarter valued at about $41,000. Bull Oak Capital LLC bought a new position in iShares Floating Rate Bond ETF during the third quarter worth about $115,000. Finally, Northstar Advisory Group LLC purchased a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter worth about $204,000.
iShares Floating Rate Bond ETF Price Performance
BATS FLOT opened at $50.96 on Wednesday. The company’s 50 day moving average is $50.94 and its 200-day moving average is $50.94. iShares Floating Rate Bond ETF has a 12-month low of $50.76 and a 12-month high of $51.10.
iShares Floating Rate Bond ETF Cuts Dividend
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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Want to see what other hedge funds are holding FLOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Floating Rate Bond ETF (BATS:FLOT – Free Report).
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