Modera Wealth Management LLC Trims Stock Position in iShares Floating Rate Bond ETF $FLOT

Modera Wealth Management LLC reduced its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 413,176 shares of the company’s stock after selling 16,514 shares during the period. Modera Wealth Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $21,107,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Focus Partners Wealth grew its stake in iShares Floating Rate Bond ETF by 8.9% in the 1st quarter. Focus Partners Wealth now owns 13,287 shares of the company’s stock worth $678,000 after buying an additional 1,088 shares in the last quarter. North Star Investment Management Corp. raised its stake in shares of iShares Floating Rate Bond ETF by 198.0% during the second quarter. North Star Investment Management Corp. now owns 1,460 shares of the company’s stock worth $74,000 after acquiring an additional 970 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of iShares Floating Rate Bond ETF by 17.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 13,205 shares of the company’s stock worth $674,000 after acquiring an additional 1,987 shares during the last quarter. Register Financial Advisors LLC boosted its stake in shares of iShares Floating Rate Bond ETF by 2.6% in the 2nd quarter. Register Financial Advisors LLC now owns 12,541 shares of the company’s stock valued at $640,000 after purchasing an additional 312 shares in the last quarter. Finally, Novem Group boosted its stake in shares of iShares Floating Rate Bond ETF by 3.4% in the 2nd quarter. Novem Group now owns 10,527 shares of the company’s stock valued at $537,000 after purchasing an additional 345 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0%

Shares of BATS:FLOT opened at $51.00 on Friday. The company’s fifty day moving average is $50.92 and its 200 day moving average is $50.95. iShares Floating Rate Bond ETF has a 52 week low of $49.75 and a 52 week high of $51.34.

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.