Trek Financial LLC Trims Stake in iShares Floating Rate Bond ETF $FLOT

Trek Financial LLC cut its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 57.5% in the third quarter, HoldingsChannel reports. The fund owned 14,388 shares of the company’s stock after selling 19,478 shares during the period. Trek Financial LLC’s holdings in iShares Floating Rate Bond ETF were worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. increased its holdings in shares of iShares Floating Rate Bond ETF by 10.8% during the 2nd quarter. Franklin Resources Inc. now owns 3,209,096 shares of the company’s stock valued at $163,728,000 after purchasing an additional 313,769 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in iShares Floating Rate Bond ETF by 5.0% during the second quarter. Ameriprise Financial Inc. now owns 2,742,216 shares of the company’s stock worth $139,257,000 after buying an additional 130,241 shares in the last quarter. Glenview Trust co grew its position in iShares Floating Rate Bond ETF by 5.0% during the second quarter. Glenview Trust co now owns 2,655,067 shares of the company’s stock valued at $135,462,000 after buying an additional 125,640 shares during the period. Flputnam Investment Management Co. increased its holdings in iShares Floating Rate Bond ETF by 32.9% in the third quarter. Flputnam Investment Management Co. now owns 1,614,802 shares of the company’s stock valued at $82,492,000 after buying an additional 399,436 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in iShares Floating Rate Bond ETF by 7.9% in the second quarter. JPMorgan Chase & Co. now owns 1,474,559 shares of the company’s stock valued at $75,232,000 after buying an additional 108,053 shares in the last quarter.

iShares Floating Rate Bond ETF Trading Up 0.0%

Shares of iShares Floating Rate Bond ETF stock opened at $51.00 on Friday. The firm has a 50-day simple moving average of $50.92 and a two-hundred day simple moving average of $50.95. iShares Floating Rate Bond ETF has a fifty-two week low of $49.75 and a fifty-two week high of $51.34.

iShares Floating Rate Bond ETF 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.