Royal Fund Management LLC Sells 119,425 Shares of iShares Floating Rate Bond ETF $FLOT

Royal Fund Management LLC cut its position in shares of iShares Floating Rate Bond ETF (BATS:FLOT) by 81.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,127 shares of the company’s stock after selling 119,425 shares during the quarter. Royal Fund Management LLC’s holdings in iShares Floating Rate Bond ETF were worth $1,382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLOT. L.K. Benson & Company P.C. increased its position in shares of iShares Floating Rate Bond ETF by 1.3% during the fourth quarter. L.K. Benson & Company P.C. now owns 16,185 shares of the company’s stock valued at $823,000 after purchasing an additional 204 shares during the period. Donor Advised Charitable Giving Inc. lifted its position in iShares Floating Rate Bond ETF by 1.6% in the fourth quarter. Donor Advised Charitable Giving Inc. now owns 14,388 shares of the company’s stock worth $732,000 after purchasing an additional 226 shares during the period. Glen Eagle Advisors LLC lifted its position in iShares Floating Rate Bond ETF by 6.6% in the fourth quarter. Glen Eagle Advisors LLC now owns 3,852 shares of the company’s stock worth $196,000 after purchasing an additional 237 shares during the period. North Star Investment Management Corp. boosted its stake in iShares Floating Rate Bond ETF by 18.6% during the fourth quarter. North Star Investment Management Corp. now owns 1,731 shares of the company’s stock worth $88,000 after buying an additional 271 shares in the last quarter. Finally, Ascent Group LLC boosted its stake in iShares Floating Rate Bond ETF by 5.0% during the fourth quarter. Ascent Group LLC now owns 5,660 shares of the company’s stock worth $288,000 after buying an additional 272 shares in the last quarter.

iShares Floating Rate Bond ETF Price Performance

Shares of iShares Floating Rate Bond ETF stock opened at $51.07 on Friday. iShares Floating Rate Bond ETF has a 52-week low of $50.67 and a 52-week high of $51.09. The company’s fifty day moving average price is $50.99 and its two-hundred day moving average price is $50.94.

iShares Floating Rate Bond ETF Company 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.