Independent Solutions Wealth Management LLC Has $2.72 Million Stake in iShares Floating Rate Bond ETF $FLOT

Independent Solutions Wealth Management LLC boosted its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,390 shares of the company’s stock after buying an additional 2,277 shares during the period. Independent Solutions Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $2,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FLOT. Ameriprise Financial Inc. raised its stake in shares of iShares Floating Rate Bond ETF by 143.4% in the first quarter. Ameriprise Financial Inc. now owns 2,611,975 shares of the company’s stock valued at $133,006,000 after purchasing an additional 1,538,926 shares in the last quarter. Demars Financial Group LLC raised its position in iShares Floating Rate Bond ETF by 3.8% in the first quarter. Demars Financial Group LLC now owns 39,475,476 shares of the company’s stock worth $2,015,223,000 after purchasing an additional 1,436,048 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in iShares Floating Rate Bond ETF during the second quarter valued at approximately $61,900,000. Royal Bank of Canada grew its stake in shares of iShares Floating Rate Bond ETF by 59.0% in the 1st quarter. Royal Bank of Canada now owns 2,351,795 shares of the company’s stock valued at $120,058,000 after purchasing an additional 872,352 shares during the period. Finally, Verdence Capital Advisors LLC lifted its position in shares of iShares Floating Rate Bond ETF by 1,841.4% during the 1st quarter. Verdence Capital Advisors LLC now owns 761,857 shares of the company’s stock worth $38,893,000 after buying an additional 722,615 shares during the period.

iShares Floating Rate Bond ETF Trading Down 0.1%

Shares of BATS:FLOT opened at $50.93 on Tuesday. The business’s fifty day moving average price is $50.97 and its two-hundred day moving average price is $50.89. iShares Floating Rate Bond ETF has a fifty-two week low of $49.75 and a fifty-two week high of $51.34.

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.