Asset One Wealth Management LLC Makes New $2.27 Million Investment in iShares Floating Rate Bond ETF $FLOT

Asset One Wealth Management LLC bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the fourth quarter, Holdings Channel.com reports. The firm bought 44,630 shares of the company’s stock, valued at approximately $2,272,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FLOT. Cornerstone Financial Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter worth approximately $30,000. Quarry LP purchased a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter worth approximately $36,000. Tucker Asset Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter worth approximately $37,000. Lavaca Capital LLC purchased a new stake in shares of iShares Floating Rate Bond ETF in the 4th quarter worth approximately $57,000. Finally, Boyd Watterson Asset Management LLC OH grew its stake in shares of iShares Floating Rate Bond ETF by 285.9% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,640 shares of the company’s stock worth $83,000 after buying an additional 1,215 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

iShares Floating Rate Bond ETF stock opened at $50.96 on Thursday. The stock’s 50 day moving average is $50.94 and its 200 day moving average is $50.92. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month 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.