New York Life Investment Management LLC increased its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT – Free Report) by 24.6% during the third quarter, Holdings Channel reports. The fund owned 3,077,751 shares of the company’s stock after purchasing an additional 607,046 shares during the period. iShares Floating Rate Bond ETF makes up about 1.4% of New York Life Investment Management LLC’s portfolio, making the stock its 15th biggest position. New York Life Investment Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $157,227,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC grew its holdings in shares of iShares Floating Rate Bond ETF by 68.5% during the third quarter. Bogart Wealth LLC now owns 482 shares of the company’s stock worth $25,000 after purchasing an additional 196 shares during the last quarter. Westfuller Advisors LLC acquired a new position in iShares Floating Rate Bond ETF during the 3rd quarter worth about $28,000. Lowe Brockenbrough & Co. Inc. bought a new stake in iShares Floating Rate Bond ETF during the 3rd quarter worth about $30,000. SYM FINANCIAL Corp acquired a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at about $37,000. Finally, TFC Financial Management Inc. acquired a new stake in iShares Floating Rate Bond ETF in the 2nd quarter valued at about $40,000.
iShares Floating Rate Bond ETF Trading Down 0.1%
Shares of FLOT stock opened at $50.94 on Monday. iShares Floating Rate Bond ETF has a 1 year low of $49.75 and a 1 year high of $51.34. The firm’s 50 day moving average is $50.91 and its 200-day moving average is $50.95.
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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