Royal Fund Management LLC Acquires 264,466 Shares of iShares Floating Rate Bond ETF $FLOT

Royal Fund Management LLC grew its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 506.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 316,728 shares of the company’s stock after buying an additional 264,466 shares during the quarter. iShares Floating Rate Bond ETF makes up 2.0% of Royal Fund Management LLC’s portfolio, making the stock its 7th largest position. Royal Fund Management LLC owned about 0.18% of iShares Floating Rate Bond ETF worth $16,180,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FLOT. Bogart Wealth LLC raised its holdings in iShares Floating Rate Bond ETF by 68.5% during the third quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock worth $25,000 after acquiring an additional 196 shares in the last quarter. SYM FINANCIAL Corp bought a new position in iShares Floating Rate Bond ETF in the second quarter valued at approximately $37,000. TFC Financial Management Inc. acquired a new position in shares of iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $40,000. Wagner Wealth Management LLC bought a new stake in shares of iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $63,000. Finally, Caldwell Trust Co bought a new stake in shares of iShares Floating Rate Bond ETF during the 2nd quarter worth approximately $64,000.

iShares Floating Rate Bond ETF Price Performance

BATS:FLOT opened at $50.97 on Monday. iShares Floating Rate Bond ETF has a 1-year low of $49.75 and a 1-year high of $51.34. The firm has a fifty day simple moving average of $50.92 and a 200 day simple 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.