Penobscot Investment Management Company Inc. Buys 25,160 Shares of iShares Floating Rate Bond ETF $FLOT

Penobscot Investment Management Company Inc. lifted its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,369 shares of the company’s stock after acquiring an additional 25,160 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in iShares Floating Rate Bond ETF were worth $8,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FLOT. Focus Partners Wealth raised its holdings in shares of iShares Floating Rate Bond ETF by 8.9% during the first quarter. Focus Partners Wealth now owns 13,287 shares of the company’s stock valued at $678,000 after acquiring an additional 1,088 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 70.3% during the second quarter. Diversify Wealth Management LLC now owns 11,891 shares of the company’s stock valued at $606,000 after acquiring an additional 4,907 shares in the last quarter. Transamerica Financial Advisors LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 5.8% during the second quarter. Transamerica Financial Advisors LLC now owns 53,539 shares of the company’s stock valued at $2,732,000 after acquiring an additional 2,934 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 13.7% during the second quarter. Raymond James Financial Inc. now owns 1,124,339 shares of the company’s stock valued at $57,364,000 after acquiring an additional 135,488 shares in the last quarter. Finally, Ausdal Financial Partners Inc. raised its holdings in shares of iShares Floating Rate Bond ETF by 30.6% during the second quarter. Ausdal Financial Partners Inc. now owns 22,304 shares of the company’s stock valued at $1,138,000 after acquiring an additional 5,231 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of iShares Floating Rate Bond ETF stock opened at $50.88 on Wednesday. The business has a 50 day moving average of $50.89 and a 200 day moving average of $50.92. iShares Floating Rate Bond ETF has a 52 week low of $50.67 and a 52 week high of $51.09.

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.