Beacon Financial Group Grows Stock Position in iShares Floating Rate Bond ETF $FLOT

Beacon Financial Group boosted its holdings in iShares Floating Rate Bond ETF (BATS:FLOT) by 22.9% during the first quarter, Holdings Channel reports. The institutional investor owned 59,810 shares of the company’s stock after buying an additional 11,133 shares during the period. Beacon Financial Group’s holdings in iShares Floating Rate Bond ETF were worth $3,047,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Focus Partners Wealth lifted its holdings in shares of iShares Floating Rate Bond ETF by 8.9% during the 1st quarter. Focus Partners Wealth now owns 13,287 shares of the company’s stock worth $678,000 after acquiring an additional 1,088 shares during the period. Diversify Wealth Management LLC boosted its holdings in iShares Floating Rate Bond ETF by 70.3% in the 2nd quarter. Diversify Wealth Management LLC now owns 11,891 shares of the company’s stock worth $606,000 after acquiring an additional 4,907 shares during the period. Transamerica Financial Advisors LLC grew its holdings in iShares Floating Rate Bond ETF by 5.8% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 53,539 shares of the company’s stock valued at $2,732,000 after purchasing an additional 2,934 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of iShares Floating Rate Bond ETF by 13.7% during the second quarter. Raymond James Financial Inc. now owns 1,124,339 shares of the company’s stock valued at $57,364,000 after acquiring an additional 135,488 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in iShares Floating Rate Bond ETF by 30.6% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 22,304 shares of the company’s stock valued at $1,138,000 after purchasing an additional 5,231 shares in the last quarter.

iShares Floating Rate Bond ETF Stock Performance

Shares of BATS:FLOT opened at $50.97 on Friday. The company has a fifty day simple moving average of $50.97 and a 200 day simple moving average of $50.93. iShares Floating Rate Bond ETF has a 12-month low of $50.67 and a 12-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.