Ascent Advisors LLC Purchases New Holdings in iShares Floating Rate Bond ETF $FLOT

Ascent Advisors LLC acquired a new position in iShares Floating Rate Bond ETF (BATS:FLOT) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 10,657 shares of the company’s stock, valued at approximately $540,000. iShares Floating Rate Bond ETF accounts for 0.9% of Ascent Advisors LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors have also added to or reduced their stakes in FLOT. Crews Bank & Trust grew its stake in shares of iShares Floating Rate Bond ETF by 132.3% during the fourth quarter. Crews Bank & Trust now owns 80,422 shares of the company’s stock valued at $4,090,000 after buying an additional 45,795 shares during the last quarter. Shira Ridge Wealth Management lifted its stake in shares of iShares Floating Rate Bond ETF by 73.6% during the 4th quarter. Shira Ridge Wealth Management now owns 138,733 shares of the company’s stock worth $7,056,000 after acquiring an additional 58,813 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in iShares Floating Rate Bond ETF by 6.4% during the 4th quarter. Apollon Wealth Management LLC now owns 192,495 shares of the company’s stock valued at $9,790,000 after acquiring an additional 11,514 shares during the period. Sowell Financial Services LLC boosted its holdings in iShares Floating Rate Bond ETF by 76.0% during the 4th quarter. Sowell Financial Services LLC now owns 65,183 shares of the company’s stock valued at $3,315,000 after acquiring an additional 28,156 shares during the period. Finally, International Assets Investment Management LLC grew its position in iShares Floating Rate Bond ETF by 68.3% in the 4th quarter. International Assets Investment Management LLC now owns 36,337 shares of the company’s stock valued at $1,848,000 after acquiring an additional 14,752 shares during the last quarter.

iShares Floating Rate Bond ETF Stock Performance

FLOT stock opened at $50.95 on Thursday. The business’s fifty day simple moving average is $50.97 and its two-hundred day simple moving average is $50.93. iShares Floating Rate Bond ETF has a twelve month low of $50.67 and a twelve month high of $51.09.

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.