211,765 Shares in iShares Floating Rate Bond ETF $FLOT Purchased by Investment Planning Advisors Inc.

Investment Planning Advisors Inc. bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) during the 1st quarter, Holdings Channel reports. The firm bought 211,765 shares of the company’s stock, valued at approximately $10,789,000. iShares Floating Rate Bond ETF makes up 3.0% of Investment Planning Advisors Inc.’s investment portfolio, making the stock its 10th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the 4th quarter worth approximately $30,000. Quarry LP acquired 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 position in iShares Floating Rate Bond ETF in the 4th quarter valued at approximately $37,000. Bayban purchased a new position in iShares Floating Rate Bond ETF in the 4th quarter valued at approximately $37,000. Finally, Lavaca Capital LLC acquired a new position in iShares Floating Rate Bond ETF during the fourth quarter worth $57,000.

iShares Floating Rate Bond ETF Stock Performance

FLOT opened at $51.05 on Tuesday. iShares Floating Rate Bond ETF has a one year low of $50.67 and a one year high of $51.09. The business’s fifty day moving average is $50.97 and its two-hundred day moving average is $50.93.

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.