First Pacific Financial Makes New $996,000 Investment in iShares Floating Rate Bond ETF $FLOT

First Pacific Financial purchased a new position in iShares Floating Rate Bond ETF (BATS:FLOT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,512 shares of the company’s stock, valued at approximately $996,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in FLOT. Glenview Trust Co lifted its holdings in shares of iShares Floating Rate Bond ETF by 7.4% during the 1st quarter. Glenview Trust Co now owns 3,130,128 shares of the company’s stock worth $159,480,000 after acquiring an additional 216,519 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in iShares Floating Rate Bond ETF by 12.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,029,454 shares of the company’s stock valued at $103,401,000 after acquiring an additional 230,814 shares during the last quarter. Assetmark Inc. increased its stake in iShares Floating Rate Bond ETF by 2.4% in the first quarter. Assetmark Inc. now owns 1,965,478 shares of the company’s stock valued at $100,141,000 after acquiring an additional 46,823 shares during the last quarter. Kensington Asset Management LLC raised its position in iShares Floating Rate Bond ETF by 39.9% during the first quarter. Kensington Asset Management LLC now owns 1,524,738 shares of the company’s stock valued at $77,685,000 after purchasing an additional 434,772 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in iShares Floating Rate Bond ETF by 1.3% during the first quarter. Cetera Investment Advisers now owns 1,086,284 shares of the company’s stock valued at $55,346,000 after purchasing an additional 13,784 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of FLOT stock opened at $50.95 on Thursday. The business has a 50-day moving average price of $50.96 and a two-hundred day moving average price of $50.95. iShares Floating Rate Bond ETF has a 12-month low of $50.67 and a 12-month high of $51.08.

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.