iShares Floating Rate Bond ETF (BATS:FLOT) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp lowered its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,560 shares of the company’s stock after selling 8,115 shares during the period. Peapack Gladstone Financial Corp owned about 0.10% of iShares Floating Rate Bond ETF worth $7,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. HTLF Bank acquired a new stake in iShares Floating Rate Bond ETF during the 2nd quarter worth $301,000. Principal Financial Group Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 79.2% in the second quarter. Principal Financial Group Inc. now owns 42,075 shares of the company’s stock worth $2,150,000 after buying an additional 18,600 shares in the last quarter. Spire Wealth Management boosted its position in iShares Floating Rate Bond ETF by 3.5% during the second quarter. Spire Wealth Management now owns 6,994 shares of the company’s stock worth $357,000 after acquiring an additional 236 shares during the last quarter. Atria Investments Inc grew its stake in iShares Floating Rate Bond ETF by 65.0% during the 3rd quarter. Atria Investments Inc now owns 15,177 shares of the company’s stock valued at $775,000 after acquiring an additional 5,979 shares in the last quarter. Finally, Smith Thornton Advisors LLC acquired a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at about $460,000.

iShares Floating Rate Bond ETF Price Performance

BATS FLOT opened at $50.98 on Friday. The stock’s fifty day moving average is $50.96 and its two-hundred day moving average is $50.96. iShares Floating Rate Bond ETF has a fifty-two week low of $50.76 and a fifty-two week high of $51.10.

About iShares Floating Rate Bond ETF

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.