iShares Floating Rate Bond ETF $FLOT Shares Acquired by Farmers & Merchants Trust Co of Chambersburg PA

Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 19.6% in the fourth quarter, HoldingsChannel reports. The firm owned 64,123 shares of the company’s stock after purchasing an additional 10,523 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in iShares Floating Rate Bond ETF were worth $3,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC boosted its position in iShares Floating Rate Bond ETF by 68.5% during the 3rd quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock valued at $25,000 after purchasing an additional 196 shares during the period. Westfuller Advisors LLC acquired a new position in iShares Floating Rate Bond ETF during the 3rd quarter valued at approximately $28,000. Lowe Brockenbrough & Co. Inc. acquired a new position in iShares Floating Rate Bond ETF during the 3rd quarter valued at approximately $30,000. Atlantic Union Bankshares Corp acquired a new position in iShares Floating Rate Bond ETF during the 3rd quarter valued at approximately $41,000. Finally, GPS Wealth Strategies Group LLC boosted its position in iShares Floating Rate Bond ETF by 142.6% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 1,235 shares of the company’s stock valued at $63,000 after purchasing an additional 726 shares during the period.

iShares Floating Rate Bond ETF Stock Performance

BATS:FLOT opened at $50.86 on Monday. iShares Floating Rate Bond ETF has a 12-month low of $50.67 and a 12-month high of $51.09. The business has a 50 day simple moving average of $50.89 and a 200 day simple moving average of $50.92.

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.