New York Life Investment Management LLC bought a new position in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) in the third quarter, Holdings Channel reports. The institutional investor bought 3,564,783 shares of the company’s stock, valued at approximately $181,982,000. iShares Floating Rate Bond ETF accounts for approximately 1.2% of New York Life Investment Management LLC’s investment portfolio, making the stock its 17th largest position.
Several other institutional investors have also recently added to or reduced their stakes in the company. GreatBanc Trust CO bought a new position in iShares Floating Rate Bond ETF during the 3rd quarter valued at about $241,000. Hohimer Wealth Management LLC boosted its position in iShares Floating Rate Bond ETF by 63.8% in the third quarter. Hohimer Wealth Management LLC now owns 308,978 shares of the company’s stock valued at $15,773,000 after buying an additional 120,400 shares in the last quarter. M Holdings Securities Inc. bought a new stake in iShares Floating Rate Bond ETF during the third quarter worth about $1,200,000. Avantax Planning Partners Inc. bought a new stake in iShares Floating Rate Bond ETF during the third quarter worth about $478,000. Finally, Brighton Jones LLC bought a new stake in iShares Floating Rate Bond ETF during the third quarter worth about $262,000.
iShares Floating Rate Bond ETF Price Performance
BATS FLOT opened at $50.87 on Wednesday. The company has a 50 day moving average of $50.95 and a 200-day moving average of $50.95. iShares Floating Rate Bond ETF has a 1-year low of $50.67 and a 1-year 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.
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Want to see what other hedge funds are holding FLOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Floating Rate Bond ETF (BATS:FLOT – Free Report).
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