iShares Floating Rate Bond ETF $FLOT Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 12.8% in the first quarter, HoldingsChannel reports. The firm owned 2,029,454 shares of the company’s stock after acquiring an additional 230,814 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Floating Rate Bond ETF were worth $103,401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Financial Sense Advisors Inc. increased its position in shares of iShares Floating Rate Bond ETF by 772.5% in the 3rd quarter. Financial Sense Advisors Inc. now owns 707,462 shares of the company’s stock valued at $36,141,000 after purchasing an additional 626,378 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of iShares Floating Rate Bond ETF by 5,292.9% during the fourth quarter. Focus Partners Wealth now owns 598,555 shares of the company’s stock worth $30,443,000 after purchasing an additional 587,456 shares during the last quarter. New England Private Wealth Advisors LLC grew its stake in iShares Floating Rate Bond ETF by 1,456.2% during the 4th quarter. New England Private Wealth Advisors LLC now owns 510,009 shares of the company’s stock worth $25,952,000 after buying an additional 477,237 shares during the last quarter. Northern Trust Corp increased its holdings in shares of iShares Floating Rate Bond ETF by 8.6% in the 4th quarter. Northern Trust Corp now owns 5,453,861 shares of the company’s stock valued at $277,383,000 after acquiring an additional 432,264 shares during the period. Finally, Milestone Asset Management LLC increased its holdings in shares of iShares Floating Rate Bond ETF by 2,121.5% in the 4th quarter. Milestone Asset Management LLC now owns 367,231 shares of the company’s stock valued at $18,677,000 after acquiring an additional 350,700 shares during the period.

iShares Floating Rate Bond ETF Trading Up 0.0%

FLOT stock opened at $51.00 on Thursday. The company has a fifty day moving average price of $50.98 and a 200 day moving average price of $50.94. iShares Floating Rate Bond ETF has a 12 month low of $50.67 and a 12 month high of $51.09.

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.