M&T Bank Corp Sells 5,835 Shares of iShares Floating Rate Bond ETF (BATS:FLOT)

M&T Bank Corp decreased its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 34.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,100 shares of the company’s stock after selling 5,835 shares during the quarter. M&T Bank Corp’s holdings in iShares Floating Rate Bond ETF were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its position in iShares Floating Rate Bond ETF by 5.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,337 shares of the company’s stock worth $1,294,000 after acquiring an additional 1,382 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of iShares Floating Rate Bond ETF by 29.1% in the second quarter. First Horizon Advisors Inc. now owns 5,797 shares of the company’s stock valued at $296,000 after buying an additional 1,308 shares during the period. Vicus Capital grew its position in iShares Floating Rate Bond ETF by 29.0% during the second quarter. Vicus Capital now owns 10,145 shares of the company’s stock worth $518,000 after buying an additional 2,281 shares in the last quarter. Concourse Financial Group Securities Inc. increased its stake in iShares Floating Rate Bond ETF by 107.3% during the second quarter. Concourse Financial Group Securities Inc. now owns 7,659 shares of the company’s stock valued at $391,000 after acquiring an additional 3,964 shares during the period. Finally, HTLF Bank acquired a new position in iShares Floating Rate Bond ETF in the 2nd quarter valued at approximately $301,000.

iShares Floating Rate Bond ETF Trading Up 0.0 %

Shares of FLOT stock opened at $50.99 on Wednesday. iShares Floating Rate Bond ETF has a 12 month low of $50.76 and a 12 month high of $51.10. The stock has a 50 day moving average of $50.96 and a two-hundred day moving average of $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.