Sax Wealth Advisors LLC Sells 22,518 Shares of iShares Floating Rate Bond ETF $FLOT

Sax Wealth Advisors LLC lowered its stake in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 9.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 222,365 shares of the company’s stock after selling 22,518 shares during the period. Sax Wealth Advisors LLC’s holdings in iShares Floating Rate Bond ETF were worth $11,330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its position in iShares Floating Rate Bond ETF by 0.6% in the 3rd quarter. Bank of America Corp DE now owns 8,849,172 shares of the company’s stock valued at $452,060,000 after buying an additional 49,559 shares during the last quarter. Morgan Stanley boosted its holdings in iShares Floating Rate Bond ETF by 1.2% during the 4th quarter. Morgan Stanley now owns 6,136,314 shares of the company’s stock worth $312,093,000 after acquiring an additional 71,189 shares during the last quarter. Northern Trust Corp grew its stake in shares of iShares Floating Rate Bond ETF by 8.6% in the 4th quarter. Northern Trust Corp now owns 5,453,861 shares of the company’s stock worth $277,383,000 after acquiring an additional 432,264 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of iShares Floating Rate Bond ETF by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,254,227 shares of the company’s stock worth $165,510,000 after acquiring an additional 31,384 shares in the last quarter. Finally, New York Life Investment Management LLC raised its holdings in shares of iShares Floating Rate Bond ETF by 1.8% in the fourth quarter. New York Life Investment Management LLC now owns 3,133,476 shares of the company’s stock valued at $159,369,000 after purchasing an additional 55,725 shares during the last quarter.

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $50.93 on Friday. The company’s 50-day moving average is $50.98 and its 200 day moving average is $50.94. iShares Floating Rate Bond ETF has a fifty-two week low of $50.67 and a fifty-two week high of $51.09.

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.