Hartline Investment Corp increased its position in iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 22.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,418,087 shares of the company’s stock after buying an additional 258,845 shares during the period. iShares Floating Rate Bond ETF comprises 7.8% of Hartline Investment Corp’s portfolio, making the stock its 3rd largest holding. Hartline Investment Corp owned approximately 0.81% of iShares Floating Rate Bond ETF worth $72,124,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Westfuller Advisors LLC acquired a new position in shares of iShares Floating Rate Bond ETF in the third quarter valued at approximately $28,000. Lowe Brockenbrough & Co. Inc. purchased a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth about $30,000. Tucker Asset Management LLC purchased a new position in shares of iShares Floating Rate Bond ETF during the 4th quarter worth about $37,000. Atlantic Union Bankshares Corp purchased a new position in shares of iShares Floating Rate Bond ETF during the 3rd quarter worth about $41,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of 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 worth $63,000 after acquiring an additional 726 shares during the period.
iShares Floating Rate Bond ETF Stock Performance
Shares of FLOT stock opened at $51.02 on Friday. iShares Floating Rate Bond ETF has a 1-year low of $50.67 and a 1-year high of $51.09. The firm’s 50-day simple moving average is $50.90 and its 200-day simple moving average is $50.92.
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.
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