Concurrent Investment Advisors LLC Increases Holdings in iShares Floating Rate Bond ETF $FLOT

Concurrent Investment Advisors LLC raised its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 252.1% in the fourth quarter, HoldingsChannel reports. The firm owned 18,987 shares of the company’s stock after buying an additional 13,594 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $966,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Financial Sense Advisors Inc. increased its stake in shares of iShares Floating Rate Bond ETF by 772.5% during the third quarter. Financial Sense Advisors Inc. now owns 707,462 shares of the company’s stock valued at $36,141,000 after buying an additional 626,378 shares during the period. New York Life Investment Management LLC lifted its stake in iShares Floating Rate Bond ETF by 24.6% in the third quarter. New York Life Investment Management LLC now owns 3,077,751 shares of the company’s stock worth $157,227,000 after acquiring an additional 607,046 shares during the period. Northern Trust Corp lifted its stake in iShares Floating Rate Bond ETF by 8.9% in the third quarter. Northern Trust Corp now owns 5,021,597 shares of the company’s stock worth $256,528,000 after acquiring an additional 408,643 shares during the period. Milestone Asset Management LLC boosted its holdings in iShares Floating Rate Bond ETF by 2,121.5% in the fourth quarter. Milestone Asset Management LLC now owns 367,231 shares of the company’s stock valued at $18,677,000 after acquiring an additional 350,700 shares in the last quarter. Finally, Hartline Investment Corp boosted its holdings in iShares Floating Rate Bond ETF by 36.7% in the third quarter. Hartline Investment Corp now owns 1,159,242 shares of the company’s stock valued at $59,220,000 after acquiring an additional 311,232 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of iShares Floating Rate Bond ETF stock opened at $50.86 on Friday. iShares Floating Rate Bond ETF has a 12-month low of $50.67 and a 12-month high of $51.09. The company’s fifty day simple moving average is $50.89 and its two-hundred day simple moving average is $50.92.

iShares Floating Rate Bond ETF Company 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.