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

Modera Wealth Management LLC decreased its holdings in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 5.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 368,417 shares of the company’s stock after selling 20,521 shares during the quarter. Modera Wealth Management LLC owned about 0.21% of iShares Floating Rate Bond ETF worth $18,771,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FLOT. Evolution Wealth Management Inc. acquired a new position in iShares Floating Rate Bond ETF in the first quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new stake in iShares Floating Rate Bond ETF in the 4th quarter worth about $30,000. Quarry LP acquired a new stake in iShares Floating Rate Bond ETF in the 4th quarter worth about $36,000. Tucker Asset Management LLC acquired a new stake in iShares Floating Rate Bond ETF in the 4th quarter worth about $37,000. Finally, Bayban purchased a new stake in iShares Floating Rate Bond ETF in the 4th quarter valued at about $37,000.

iShares Floating Rate Bond ETF Price Performance

BATS FLOT opened at $50.98 on Friday. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month high of $51.09. The company has a 50-day moving average of $50.98 and a 200-day moving average of $50.93.

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.